{"id":766049,"date":"2019-12-16T15:07:04","date_gmt":"2019-12-16T15:07:04","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/12\/16\/senate-will-approve-buharis-multi-billion-dollar-loan-rejected-under-saraki\/"},"modified":"2019-12-16T15:07:04","modified_gmt":"2019-12-16T15:07:04","slug":"senate-will-approve-buharis-multi-billion-dollar-loan-rejected-under-saraki","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/12\/16\/senate-will-approve-buharis-multi-billion-dollar-loan-rejected-under-saraki\/","title":{"rendered":"Senate Will Approve Buhari’s Multi-billion Dollar Loan Rejected Under Saraki"},"content":{"rendered":"

<\/p>\n

\n
\"Senate
Senate President Ahmad Lawan<\/figcaption><\/figure>\n

Senate President Ahmad Lawan had explained that the red chambers will approve a multi-billion dollar loan requested by President Muhammadu Buhari.<\/p>\n

The senate president said this while speaking with journalists at a luncheon in Abuja on Monday.<\/p>\n

The President had requested a loan worth\u00a0 $29.960 billion under the senate in 2016 led by Bukola Saraki but it was rejected.<\/p>\n

However, the current senate president said the request was rejected at the time because the executive didn\u2019t explain properly but has \u201clearnt its lesson and the letter came with sufficient details\u201d.<\/p>\n

Lawan said, \u201cThe question of whether we will pass the loan request of the executive arm of government, Yes! If we don\u2019t have money and you have projects that after you build them will not only provide infrastructure that you need but also spin money. \u201d<\/p>\n

Read Also:\u00a0Nigerians See Us As Bad People: Senate President Lawan<\/strong><\/p>\n

\u201cBut one thing is we are going to be critical that every cent that is borrowed is tied to a project. These are projects that will have spillover effects on the economy and we will undertake our oversight so well to ensure that such funds are properly, prudently, economically and transparently are applied on those projects.<\/p>\n

\u201cIn 2016, the senate did not pass the loan request of the executive at that time and the reason was because there were no sufficient details.<\/p>\n

\u201cI want to inform this gathering and indeed Nigerians that the letter conveying the loan request of the executive came with every possible detail.\u201d<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Senate President Ahmad Lawan Senate President Ahmad Lawan had explained that the red chambers will approve a multi-billion dollar loan requested by President Muhammadu Buhari. The senate president said this while speaking with journalists at a luncheon in Abuja on Monday. The President had requested a loan worth\u00a0 $29.960 billion under the senate in 2016 […]<\/p>\n","protected":false},"author":1,"featured_media":749706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-766049","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nigeria"],"yoast_head":"\nSenate Will Approve Buhari's Multi-billion Dollar Loan Rejected Under Saraki - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/12\/16\/senate-will-approve-buharis-multi-billion-dollar-loan-rejected-under-saraki\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Senate Will Approve Buhari's Multi-billion Dollar Loan Rejected Under Saraki - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Senate President Ahmad Lawan Senate President Ahmad Lawan had explained that the red chambers will approve a multi-billion dollar loan requested by President Muhammadu Buhari. 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