Minister of Information, Alhaji Lai Muhammed has said that President Muhammadu Buhari would soon return the request by his government to borrow $29.9 billion to the Senate for approval.
The minister, who answered questions from the State House correspondents at the end of the meeting of the Federal Executive Council (FEC) today, Wednesday, said that the approval was not given by the Senate due to lack of detailed information. He added that the government would provide the necessary information which the senate needed for the approval.
Lai Mohammed said that the disagreement between the legislative and executive arms of government is not unusual, adding that it is 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.”
It will be recalled that the first request of the president to the National Assembly for external borrowing to fund critical infrastructural projects in the country between 2016 to 2018 was turned down by the senate yesterday, Tuesday. [myad]
