Senate Accepts Buhari Borrowing Plan of $22.7 Billion.

The Nigeria Senate on Thursday 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.

The approval of the Senate was sequel to the consideration of the report of the Committee on Local and Foreign Debts by the Chairman, Senator Clifford Ordia, Peoples Democratic Party, PDP, Edo Central.

When confusion trailed the Consideration of the report, the lawmakers were forced into an Executive session at 12.40 and came out at 1.30 pm. Soon after the session, the President of the Senate, Senator Ahmad Lawan read the recommendations and it was passed.