30bn loan request: We're not a party to Buhari’s plan - Governors

30bn loan request: We're not a party to Buhari’s plan - Governors

- Nigerian governors have revealed their position on the federal government's plan to borrow $30 billion

- The governors, on the platform of the Nigerian Governors Forum (NGF), said that the move is strictly between the federal government and the National Assembly

- The chairman of the forum, Kayode Fayemi, said that the NGF is not interested in meddling with affairs that are off-limits to it

State governors on the platform of the Nigerian Governors Forum (NGF) have disassociated themselves from President Muhammadu Buhari's plan to request a loan to the tune of $30 billion.

The chairman of the NGF, Kayode Fayemi, who is also the governor of Ekiti state, said that the move for the loan is entirely a business of the federal government and the National Assembly, adding that governors have no part in it, The Nation reports.

Speaking at the forum's meeting on Wednesday, December 18, Fayemi said: “The federal government’s borrowing plan to the National Assembly is really a matter between the federal government and the National Assembly.

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30b loan request: We're not a party to Buhari’s plan - Governors

Fayemi said that the move for the loan is entirely a business of the federal government and that governors have not part in it.
Source: UGC

“It is not something that we want to put ourselves in between. We don’t want to comment on that.”

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Meanwhile, Legit.ng reported that President Buhari would finally get his wish as the Senate president, Ahmad Lawan, had given an indication that the upper chamber would pass a $29.96 billion loan request by the president.

This was disclosed by the Senate president while addressing journalists in Abuja. According to him, the Senate would approve the loan request but would ensure adequate oversight.

We are going to be critical that every cent that is borrowed is tied to a project,” Lawan said in response to questions by journalists.

Buhari requested the Nigerian Senate to approve a foreign loan to the tune of $30 billion to the federal government.

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Source: Legit

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