Senate President, Ahmad Lawan, has said the $29.9 billion loan request by President Muhammadu Buhari will be passed.
Okay.ng recalls that Buhari had asked the 9th Senate to consider approving the 2016-2018 external borrowing plan which was rejected by the 8th Senate.
Lawan, speaking at a press conference in Abuja on Monday, said the reconsideration request by the president will be passed after various standing committees carry out serious oversight functions and ensure that the money is not misappropriated by the various Ministries, Departments and Agencies (MDAs).
“The question of whether we will pass the loan request of the Executive arm of Government, yes, we will pass it. If we don’t have money and you have projects to build them, how will you provide infrastructure that you need?
“But one thing is that, we are going to be critical that every cent that is borrowed is tied to a project. These are projects that will have spillover effects on the economy and we will undertake our oversight so well to ensure that such funds are properly, prudently, economically and transparently are applied on those projects,” Lawan said.
