Mr. Osinbajo told the National Assembly “it will be highly appreciated if could kindly give this request an expedited consideration and approval to enable states meet up with all other effectiveness conditions for the implementation of the projects in their respective states.”
Since last August when President Muhammadu Buhari first sent the $30 billion 2016-2018 borrowing plan to the National Assembly, no part has ever got the statutorily required legislative approval.
In April, the president wrote the lawmakers, further to the last year’s initial letter, seeking approval to secure about $6.4 billion dollar loans from the World Bank and China to fund infrastructural objectives across the country and combat polio outbreak in the North-East.
While that request is still pending, the June 1 letter, read on Tuesday, was sent to seek approval for 10 states to secure loans.
