SAN FRANCISCO, November 02, (THEWILL) – The Minister of Information, Alhaji Lai Muhammed, has revealed that President Muhammadu Buhari would re-apply to the senate for the approval of the $30 billion loan.
THEWILL recalls that the first request for by the President for external borrowing to fund critical infrastructural projects in the country between 2016 to 2018 was rejected by the Senate on Tuesday.
But speaking with State House correspondents, on Wednesday, at the end of the Federal Executive Council, (FEC) meeting, Mohammed said that lack of detailed information frustrated the approval of the first request sent to National Assembly.
According to him, the government would provide the necessary information which the Senate needed for the approval insisting that the disagreement between the legislative and executive arms of government were not unusual and was in the interest of Nigerians.
“It is not unusual for the government and the Senate to have some disagreements, they want more information,” he said.
“We will give them all the information they need and we are sure that by the time we finish they will approve the request.”
Story by Oputah David
