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.
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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