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Author Topic: The President Mohammad BUHARI- request for a loan of 350USD  (Read 134 times)

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Offline Malikberry32

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The President Mohammad BUHARI- request for a loan of 350USD
« on: March 29, 2018, 03:26:20 pm »
ABUJA- The political quagmire between Nasir El-tinged governor of Kaduna state and the three senators representing the Senatorial districts of the state, took another dimension Thursday as the senate rejected Kaduna State Development Policy Operation (DPO) in the sum of USD350 million as contained in the 2016 - 2018 External borrowing (Rolling) Plan of President Muhammad Buhari. Buhari and El-tinged The three senators, Shehu Sani, PC, Kaduna Central; Suleiman Hunkuyi and APC, Kaduna North La'ah Danjuma, PDP, Kaduna South said that it became imperative for the credit facility to be rejected because critical stakeholders from the State were never consulted and for the fact that the State was already heavily indebted. The rejection followed the presentation of the Report of the Committee on Local and Foreign Debts Kaduna State Development Policy Operation (DPO) Credit Facility of USD 350 by its Chairman, Senator Shehu Sani (Kaduna Central) According to Senator Sani, the Committee recommended that "the Senate do reject the request of USD350 million for Kaduna State as contained in the 2015 2018 External borrowing (Rolling) plan of Mr. President, Commander-in-Chief of the Armed Forces. "That with the high total debt stock of Kaduna State at the moment, the new borrowing sought, will make the debt service to revenue ratio high, thereby worsening the State Government's ability to meet its other basic obligations to the people and further erode the economic viability


http://9jalik.blogspot.com/2018/03/The-president-buhari-request-for-another.loan.html"

 

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