FG to represent $29.9 bn loan request with detailed information, says Lai Mohammed

The Minister of Information, Alhaji Lai Muhammed on Wednesday said that President Muhammadu Buhari would reapply for the approval of $29.9 billion loan.

The first request for external borrowing to fund critical infrastructural projects in the country between 2016 to 2018 was rejected by the Senate on Tuesday.

But briefing State House correspondents at the end of the Federal Executive Council, (FEC) meeting, Mohammed said that lack of detailed information frustrated the approval of the first request sent to National Assembly.

According to him, the government would provide the necessary information which the Senate needed for the approval.

The minister also maintained that the disagreement between the legislative and executive arms of government were not unusual and that it was in the interest of Nigerians.

“It is not unusual for the government and the Senate to have some disagreements, they want more information.

“We will give them all the information they need and we are sure that by the time we finish they (lawmakers) will approve the request.” He said

The post FG to represent $29.9 bn loan request with detailed information, says Lai Mohammed appeared first on The Nation Nigeria.

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