The Nigerian Senate this morning threw out President Muhammadu Buhari's request to approve the external borrowing of $30 billion to finance 2016 budget.
Buhari had last week written to the Senate, requesting for the approval to borrow about $30bn as 2016 – 2018 External Borrowing Rolling Plan.
However, when the matter came up for deliberation and was moved by the Senate Leader, Ali Ndume, the senator representing Kogi West, Senator Dino Melaye indicated to lead a debate on the matter, but was turned down by the Senate President, Bukola Saraki
It was later subjected to a voice vote, at the end of which the ‘Nays’ turned out the loudest vote.
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