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Monday, 9 April 2018

Senate Rejects El-Rufai $350Million World Bank Loan Request For Kaduna

THE Political quagmire between governor Nasir El- Rufai of Kaduna state and the three Senators representing the Senatorial districts of the state, took another dimension Thursday as the Senate rejected Kaduna State Development Policy Operation (DPO)
in the sum of USD350 million as contained in the 2016 – 2018 External Borrowing (Rolling) Plan of President Muhammadu Buhari.

The three Senators, Shehu Sani, APC, Kaduna Central; Suleiman Hunkuyi, APC, Kaduna North and La’ah Danjuma, PDP, Kaduna South said that it became imperative for the credit facility to be rejected because critical stakeholders from the State were never consulted and for the fact that the State was already heavily indebted.

The rejection followed the presentation of the Report of Committee on Local and Foreign Debts Kaduna State Development Policy Operation (DPO) Credit Facility of USD 350 by its Chairman, Senator Shehu Sani (Kaduna Central).

According to the latest Debt Management Office figures, Kaduna State has a total debt stock of USD232.1 million. That approving the current loan request of USD350 million for Kaduna State will bring its total debt stock to USD582.1 million.

GUYS, WHAT DO YOU THINK?

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FACEBOOK COMMENTS

Ascenxion Poi

See money ooo...Men, our leaders don kill us finish..
1

Endy Edeson

Poi, he wants to use it for Kaduna not for himself . lolz đŸ˜Ž

Yemisi Frank

good they rejected it. he,will just divert it.
1

Willy Fredrick Uzoranking

Kaduna or no Kaduna.. He's gonna Tap is own percent in there
1

Jeremiah Ademolu

They should stand firm on this rejection.

Jackson Lekan Ojo-Fatoye

Good job done

Bennard Ahupa

Election money noni

Ola Daniel

Haaa...thiefffffff

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