Real reason Buhari is demanding re-approval of NASS on external borrowing plan

The Buhari Media Organisation (BMO) says President Muhammadu Buhari’s 29.9 billion dollars external borrowing request to National Assembly for approval was in the interest of the country. Buhari on Thursday sought the re-consideration and approval of the National Assembly on the 2016-2018 External Borrowing Plan of the Federal Government.

In a statement signed by its Chairman, Niyi Akinsiju, in Abuja on Sunday, BMO said the funds were necessary in order for the country to bridge the infrastructure gaps that were left unattended to by previous administrations in the country.

Akinsiju said if the requests had been fully granted in 2016, Nigerians would have seen more projects at various stages of completion across the country.

“Buhari has made a bold move by sending back the 2016-2018 external borrowing plan to the National Assembly for reconsideration.

Nigerians need to know that when the request was rejected by the 8th Assembly led by former Senate President Bukola Saraki and Speaker Yakubu Dogara in 2016, there was no debate on the merit or demerit of the plan.

“So, a group of lawmakers who were antagonistic to Buhari and needed to extract their ‘pound of flesh’ took a step that denied Nigerians of massive infrastructure renewal.

“Just like the President said in the latest request, the lawmakers back then extricated and approved only a few out of the 39 projects the loan was meant for,” he reported.source Daily post

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