The Nigerian Senate has just rejected President Muhammadu Buhari’s external borrowing plan of $30 billion, supposedly for the implementation of capital projects, on account of lack of documents to support the request.
The “nays” won when the borrowing plan was put to a vote on the floor of the chamber during the plenary on Tuesday, November 1, 2016.
Live social media updates from the Senate’s official communication channels confirm this development.
Senators turn down request for approval for external borrowing due to lack of documents supporting the request as referenced in the letter
— The Nigerian Senate (@NGRSenate) November 1, 2016
