BREAKING: Senate Throws Out Buhari’s Request To Borrow $30bn

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.

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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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