Buhari will resubmit $30bn loan request to Senate – Lai Mohammed

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Buhari will resubmit $30bn loan request to Senate – Lai Mohammed

The Minister of Information, Lai Mohammed, Wednesday said President Muhammadu Buhari will resend the $30bn loan request rejected by the Senate.

Recall that the Senate had on Tuesday rejected Buhari’s proposed $30bn loan due to issues bordering on technicalities.

Following the rejection of the loan, the Leader of the Senate, Ali Ndume, had explained that the Buhari’s loan request was rejected due to technical issues.


Addressing State House Correspondents at the Presidential Villa, Abuja, the Minister said the administration would continue to engage the lawmakers on the benefits of the borrowing plan.

Mohammed expressed optimism that the loan request at the end of the day will be approved by lawmakers.

He said, “It is not unusual for the government and the Senate to have some disagreements; they (senators) want more information. We will continue to engage them. We will give them all the information they need.

“We are sure that by the time we finish, they will approve the request.”