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2 Nov 2016

APC Begs Senate to Approve Buhari’s $30bn Loan Request


The All Progressives Congress, APC, in the South-East has urged the Senate to revisit its decision to reject the $30bn loan request by the President Muhammadu Buhari-led Federal Government.

Recall that the Senate had yesterday rejected the government’s N9.61trillion loan foreign loan request.

Reacting to the lawmakers’ decision, the Publicity Secretary of South East APC, Hyacinth Ngwu, described the Senate’s rejection as an “ill wind that would blow no one any good”.

In the statement made available to journalists in Enugu, Hyacinth said, “The All Progressives Congress in the South-East geo-political zone, has appealed to the members of the Senate of the Federal Republic of Nigeria to rescind their rejection of the $29.680bn loan planned for the three fiscal years of 2016-2018.

“The rejection of the request by the Senate is ill-advised and an ill wind that blows no one any good.”

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