Latest News

Hell Breaks Loose As Senate President Uncovers Sabotage Against Buhari’s Regime, Cries Out

7eed4e5f4709ea3d54568c4215b73532

President of the Senate, Ahmad Lawan, has warned that some government ministries, departments, and agencies are plotting to undermine President Muhammadu Buhari’ s efforts to build essential infrastructure across the country. This was reported by POLITICSNIGERIA.

According to POLITICSNIGERIA, despite multiple invitations from the Senate’ s Local and Foreign Debt Committee, the MDAs have persistently failed to attend to justify projects scheduled to be funded through President Buhari’ s loan requests, according to Lawan.

Under the 2018- 2020 Foreign Borrowing (Rolling) Plan, the Senate accepted President Muhammadu Buhari’ s external borrowing request for $8, 325, 526, 537 (USD) and €490, 000, 000 (Euros) on July 15, 2021.

d71db89bc7b02da21bc5dab4ee7e4a11

President Buhari requested Senate approval to borrow an additional USD$4, 054, 476, 863 billion and €710 million Euros in a letter read on September 14, 2021. The loan, according to Buhari, is required to support projects included in an addition to the Federal Government’ s external borrowing strategy for the years 2018 to 2021.

He said the World Bank, French Development Agency, China Exim Bank, International Fund for Agriculture Development (IFAD), Credit Swiss Group, and Standard Chartered will fund the projects with sovereign loans totaling 4. 5 billion dollars, 710 million euros, and a grant component of 125 million dollars.

Lawan described MDAs’ failure to justify projects scheduled to be supported by separate loan requests as an act of sabotage that the National Assembly would not tolerate.

c7fc60135f9982cf2c2bbedb915983bb

The Federal Ministry of Power, Ministry of Health, Ministry of Women’ s Affairs, Ministry of Petroleum Resources, National Agency for Science and Engineering Infrastructure, Ministry of Water Resources, and Ministry of Environment are among the erring MDAs, according to him. As a result, he issued the MDAs a one- week ultimatum to come before the Local and Foreign Debt Committee or face appropriate upper chamber action.

” List of some federal ministries and agencies that should have appeared before the Senate Committee on a loan and Foreign Debts to defend the debt request by the Executive arm of government, ” the Senate President remarked. These MDAs did not show up.

” The Senate views this attitude as a sabotage to the federal government’ s efforts to get loans and fund the badly needed infrastructure development in this country.

f75459ca77507a9389d57f338a4e16c3

” The loan request has already been accepted by the National Assembly, but justification is required.

” As a result, I will call the names of these MDAs, and we will give them one week to come before the Committee on Loans and Foreign Debts.

” And if they don’ t show up, we’ ll take proper and fast action, because this Senate will not tolerate any sabotage of this administration’ s attempts to build infrastructure in this country. “

Source: Mcebiscoo.com

Leave A Comment Below👇‍‍👇‍‍