Why Senate approved Buhari’s request for $22.7bn loan – Bamidele
Bamidele, in an interview with newsmen on Monday in Iyin Ekiti, stated that the Senate’s decision was to save the country’s economy from sliding into recession.
“The step we took was to avert economic recession because to prevent such, the government would have to build infrastructure such as roads, rail lines, create wealth, provide employment and carry out other social services to help the people”, NAN quoted him as saying. ”The planners of the economy knew that our budget must be well funded because we have to keep spending on infrastructure to avert recession.
“The question the people should ask is what are the plans in place for proper spending of the loan? Our people should see it as a welcome development and way to keep our economy soaring.”
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