South east senators to meet over exclusion of region in FG’s $22.7bn loan


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Reports claim that the southeast senators have planned to hold an emergency meeting over the approval of $22.7 billion loan request for the federal government.

The reports disclosed that the southeast will not benefit from the loan. This perhaps prompted the southeast senators to call for the meeting to address the issue.

According to the reports, “The South East Senators will meet to decide the next line of action. It is not yet over. The approval of the loan request, which was obviously against the South East took place almost at the weekend, precisely on Thursday when senators were rushing back to their constituencies.

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“The lopsidedness in the distribution of projects is there for everybody to see. The caucus will meet to decide the next line of action and how to face our people.

“The so-called general items in the loan are neither here nor there. Our people are not happy to have been completely sidelined in the distribution of projects in the loan.

“People have been calling South East senators’ names for leaving Abaribe alone to defend the zone.”

Earlier, The Herald reported that the Senate approved the request by the President Muhammadu Buhari administration to borrow $22,798,446,773.00 from external sources.

The Upper Chamber approved the loan request on Wednesday following the consideration of the report of the Sen. Clifford Ordia-led Senate Committee on Local and Foreign Debts and after much controversy.

Although the present administration said it needed the loan to fund critical infrastructure projects under the 2016 – 2018 External Borrowing Plan, some senators expressed dissatisfaction with some components of the loan.

After Ordia’s committee submitted its report, Senate President Ahmed Lawan moved for voting on and adoption of the two recommendations in the report.

However, Minority Leader, Enyinnaya Abaribe raised a point of order for the recommendations to be broken into components while Senators vote on each component.

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