• $29.9bn loan: Saraki fires back at Fayose

    $29.9bn loan: Saraki fires back at Fayose

    Senate President, Dr. Bukola Saraki, yesterday, took a swipe at Ekiti State governor, Ayodele Fayose, over the former’s declaration that he (Saraki) was being blackmailed by President Muhammadu Buhari on the proposed $29.9 billion external loan.

    The governor had in a statement issued by his spokesman on Wednesday, asked Saraki and the Senate to remain firm and not allow themselves to be stampeded by the President into approving the loan. But Saraki in a statement by his Special Adviser, Media and […]

  • Buhari’s $29.9bn loan will rescue Nigeria from recession, says Gbajabiamila

    Buhari’s $29.9bn loan will rescue Nigeria from recession, says Gbajabiamila

    It was gathered that the Majority Leader of the House of Representatives, Femi Gbajabiamila, has applauded President Muhammadu Buhari’s external borrowing plan of $29.9bn for the execution of projects from 2016 to 2018, in the interest of Nigerians.

    Gbajabiamila noted that borrowing to finance infrastructural projects will pull Nigeria out of recession.

    According to a statement issued on Saturday by his media aide, Olanrewaju Smart, Gbajabiamila said this during a grassroots empowerment programme in Lagos where he donated equipment to his constituents.

    According […]

  • Buhari, Saraki strike deal over $29.9bn loan request

    Buhari, Saraki strike deal over $29.9bn loan request

    President Muhammadu Buhari and Senate President Bukola Saraki may have made up on the $29.9billion loan approval which the executive is seeking from the Senate, it was learnt last night.

    Buhari and Saraki are understood to have met three times on the issue in the last few days since the Senate turned down the request last week.

    Saraki has already admitted that the loan request may be re-presented by the executive.

    This, the Presidency may do later this week, sources said yesterday.

    But there […]

  • Why Senate rejected Buhari’s $29.9bn loan request – Ndume explains

    Why Senate rejected Buhari’s $29.9bn loan request – Ndume explains

    According to reports, the Leader of the Senate, Ali Ndume, on Tuesday said senators voted against President Muhammadu Buhari’s request for $29.9bn foreign loan due to technical issues.

    Briefing newsmen shortly after plenary, Ndume, who said that he was shocked that the request suffered such setback, expressed optimism the issues would be resolved and the request would be represented.

    He said, “The problem came on a technical ground; it is supposed to go to the committee level and the committee is supposed […]