October 26, 2021

The Chairman, Senate Committee on Judiciary, Human Rights and Legal Matters, Senator Opeyemi Bamidele, has defended the loan approval granted by the Senator Ahmad Lawan-led Senate to President Muhammadu Buhari.

Bamidele said the approval given to Buhari to borrow a staggering sum of $22.7 billion foreign loan, was not done for political patronage, but to save the country’s economy from sliding into recession.

Senator Michael Opeyemi Bamidele Addressing Journalists at Iyin Ekiti

He revealed this in Iyin Ekiti during a programme organised for the Minister of Industry, Trade and Investment and former Ekiti State Governor, Chief Niyi Adebayo, to celebrate his appointment as a member of the Federal Executive Council (FEC).

The lawmaker further stated that the N10.8 trillion 2020 budgetary provision by the Buhari-led government was fashioned in a way that would avert a reoccurrence of recession that could damage the economy of the country.

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