Ola Awoniyi: Facts about the Senate approval of Buhari’s N850 billion loan request
explanation, and neither do those who have made up their minds not to believe. I cannot agree more with Femi. Yet, to carry the people along on policymaking and implementation, government has to speak with them, whether the minds are open, hold strong views or are even prejudiced. That is the reason why communication is a key element in the governance process, more so in a democracy.
The Senate had to break its suspension of plenary over the COVID-19 pandemic for the special session. This was because of the urgent need to provide legislative support to the Federal Government in tackling the pandemic and its socio-economic fallouts in Nigeria.
The obvious intention of the purveyors of this misinformation is to solidify their mischievous caricature of the ninth Senate as a rubber stamp legislative chamber. Whatever is stated here will not dissuade such people but will at least set the record straight and alert the unwary to their recurrent mischief.
The N850 billion loan request was, in fact, approved by the National Assembly long ago as part of the 2020 budget. President Muhammadu Buhari’s letter to the Senate President, dated 24th March, 2020, clearly referenced this fact. The president, in his letter, reminded the Upper Chamber that the 2020 Appropriation Act provided for N1.594,986,007,544.00 of New Borrowing, comprising N744,986,007,544.00 New Domestic Borrowing and N850 billion of New External Borrowing.
The summary, therefore, is that the President only requested the approval of the Senate to vary the source of a loan which the Legislature had previously given him approval to obtain.
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