Joseph Bakare
The Senate on Thursday, March 5; approved the 2016- 2018 External Borrowing Plan to the tune of $22.7 billion to be spent by the Federal Government to execute key infrastructural projects.
This approval was sequel to the consideration of the report of the Committee on Local and Foreign Debts by the Chairman; Senator Clifford Ordia, (PDP, Edo Central).
The lawmakers were engaged in an Executive session at 12.40 and came out at 1.30 pm in order to deliberate details of the report.
Immediately, the President of the Senate; Senator Ahmad Lawan read the recommendations and it was passed.
After the presentation, Lawan had insisted that the lawmakers should go to the recommendations and vote.
This did not go down well with the Minority Leader; Senator Enyinnaya Abaribe, PDP, Abia South, who raised it that there must be line by line consideration of the report and the recommendations before the voting process.
The chamber became tense as the debate was now between Lawan and Abaribe.
There was a sharp disagreement between them against the backdrop that; while the President of the Senate wanted an outright approval of the loan, the Minority vehemently kicked against that.
This led to Senator Gabriel Suswam, (PDP, Benue) requesting for an Executive session where those knotty issues of lopsided allocation of projects would be resolved.
However, the President of the Senate rejected the call for a closed session. He also stressed that this would have happened prior to plenary session, adding, “we are at the point of no return.”
This did not go down well with Abaribe as he stood up to speak again; where he now cited Order 14(C) of the Senate Standing Orders as Amended.
Lawan now made U-Turn on his position and also now called for a closed-door session. They now entered into a closed session at 12.40.
President Muhammadu Buhari, had on November 28, 2019, written to the Senate; requesting for the approval of 2016- 2018 External Borrowing to the tune of $30 billion. This is to be spent by the Federal Government to execute key infrastructural projects across the country.
The letter, which was dated November 26, 2019; was read on the floor of the Red Chamber by the President of the Senate, Ahmad Lawan, during plenary.
In the letter, President Buhari explained that it became imperative to represent the request because the Eighth National Assembly approved only a part of the External Borrowing request forwarded to it in September 2016.
