Senate on Wednesday directed the Federal Ministries of
Education, Power, Niger Delta, Humanitarian Services, Water Resources, Health,
Communications and Agriculture to make haste to appear before the Senate
Committee on Foreign and Local Loans to enable the Upper Chamber approve the federal
government $22.96 billion borrowing plan.
The advisory was sequel to the complaint by the Chairman
of the committee, Clifford Ordia, that the above-mentioned federal ministries
have refused to appear after several invitations .
He, therefore, requested the Senate to grant the
committee extra two weeks to enable it consider the federal government loan
request
In his response,
the Senate President, Dr. Ahmad Lawan, advised the affected ministries
to appear before the Senate Committee within the next 14 days to enable the
Senate dispense with the government's borrowing plan.
Meanwhile, the federal government had sought the
approval of the Senate for concessionary external borrowing of $22.8 billion
for the development of infrastructures across the country.
Minister of Finance and National Planning, Mrs.
Zainab Ahmed, made the presentation on behalf of the federal government when
she appeared before Senate Committee on Local and Foreign Debts.
Ahmed said the loan sought was segmented into seven
concessionary loans from multilateral institutions.
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