Politics, Sports, Business, Entertainment and News you will get nowhere else.

Thursday, 12 March 2020

South East Caucus In National Assembly Rejects Buhari's $22.7 Billion Loan Request

***Says South East Marginalised from project distribution...

The South East caucus of the National Assembly have rejected President Muhammadu Buhari's 22.7 billion dollars borrowing plan which was recently approved by the Senate. 

The caucus, made up of South East lawmakers in the Senate and House of Representatives said the loan which is meant for infrastructural development in the country totally excluded projects in the region. 

After over three hours of meeting with the leadership of the Senate and House of Representatives, chairman of the South east caucus and former Deputy President of the Senate, Senator Ike Ekweremadu told newsmen that majority of lawmakers from the South East were not available when the loan was approved. 

Ekweremadu  in company of Senate minority leader, Enyinnaya Abaribe, Senator Rochas Okorocha and other lawmakers from both chambers of the National Assembly noted that since the repayment of the loan will be done by government, all sections of the country should benefit.

He also lamented the exclusion of Nigerians of South East origin from the recently inaugurated Natioanl Assembly service commission, describing it as unfair. 

The borrowing plan passed by the Senate is now before the House of representatives for concurrence and the lawmakers expressed optimism that the plan will be reconsidered for the benefit of the South East region. 

No comments:

Post a Comment

Disclaimer: Comments made by readers of this blog are strictly the views and opinions of the writers and not that of Nedu Echianu's Blog.

Credit is given to the original sources of culled stories, but in a situation where your story is wrongfully credited to someone else, please contact neduechianu@gmail.com for an immediate correction.

For eye witness reports, stories and features which you want published on this blog please contact me on +234-8037036168 or neduechianu@gmail.com.