Why We Rejected Buhari’s Loan Bid -Senate

The Senate has said it rejected the external loan bid by the presidency because the presidential aides tasked with preparing the proposal are incompetent.

Senate spokesperson, Aliyu Abdullahi, disclosed this in a live chat with Channels TV Thursday morning.

It Was A Badly Prepared Loan Proposal

Abdullahi said aides helping the President on matters of communication did not prepare the proposal well enough. He noted that there was a line in the letter that read attached when nothing was attached.

“This is the reality unfortunately. We have to rethink position given to certain persons and people who are not competent should step aside.”

“What is the Chief of Staff doing? What is the SGF doing?”

“We have said it that some people are working to set the president against the legislature.”

The Spokesperson defended the decision of the senate to reject the bid. He said since the president’s letter was not supported by detailed information, the lawmakers had nothing to work with.

However, he added that if the necessary things are addressed, the senate will consider the loan request.

President Buhari had written to the National Assembly to approve an external borrowing plan of $29.960 billion last week. The request was dismissed without debate by the senate. Meanwhile, the presidency has said it would engage the relevant agencies to collate the needed information.