Politics
Sen Sani, others instigate Senate to reject El’Rufai’s $350m loan request
The Senate on Thursday rejected a request from the Kaduna State Government for a loan $350 million, from the World Bank.
The rejection followed the recommendation of the Senate Committee on Local and Foreign Debts and the three senators from the state.
Senator Sani Shehu (APC Kaduna Central) who spoke on behalf of the committee, said the facility, of approved would only worsen the debt profile of the state, which is already the second most indebted state in the country.
Governor Nasir El’Rufai had informed the Senate last year of his government’s intention to apply for the loan, from the World Bank, which he said was for the short and medium term developmental objectives of his administration.
More details coming…
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