Home Latest Stories BREAKING | Senate Shows Elrufai Red Eyes, Disapprove $350m Loan Reaquest After...

BREAKING | Senate Shows Elrufai Red Eyes, Disapprove $350m Loan Reaquest After One Year Delay

62
0
SHARE

The Senate has rejected the $350m loan request of the Kaduna state, after delaying it consideration for over a year.

The rejection followed the consideration and adoption of the report of the Senate committee on local and foreign debts chaired by Senator Shehu Sani (APC,Kaduna).

Sani said the approval of the loan would double the debt profile of the state from $232m to $532m. He said at the moment, the state was second in term of debt profile in the country.

Supporting the rejection, Senator Suleiman Othman Hunkuyi (APC,Kaduna) described it as a misplaced priority.

Also, Senator Danjuma La’ah (PDP, Kaduna) said the loan should not be approved.______________________________________________
Follow us on Twitter at @TheWailersNG

Copyright 2018 THEWAILERSNG. Permission to use portions of this article is granted provided appropriate credits are given to www.wailersng.com and other relevant sources.

LEAVE A REPLY

Please enter your comment!
Please enter your name here