Business & Society

Senate considers Buhari’s Request for N9.6bn tefund to Plateau, Borno

The President of the Senate, Ahmad Lawan, on Wednesday, asked the Senate Committee on Foreign and Local Loans to consider a request of President Muhammadu Buhari seeking parliamentary approval for the refund of N9.68 billion spent by the Borno and Plateau States on behalf of the federal government.
Buhari is seeking the approval of the Senate to refund N9.68 billion as promissory notes to Plateau and Borno States.
The president, in the letter read at plenary by Lawan, said the money was the reimbursement for funds expended on the execution of federal road projects in the states.
Buhari’s letter noted that though the Executive had for a long time, put a stop to such interventions, it however explained that the projects in question were executed before the declaration.
Plateau State, according to the letter, would be entitled to about N 6.6 billion, while Borno State will have a total of about N3.84 billion in respect of the federal roads rehabilitated and executed by the state governments.
Lawan urged the Senate panel chaired by Senator Clifford Ordia, to expedite action on the report and submit within four weeks.

Related posts

West Africa’s impediments to development are debt, inflation

Editor

N4.6bn fraud: EFCC to retrieve documents for Fani-Kayode’s trial

Editor

Zimbabwe launches hearings over Mugabe-era massacre

Editor

Elections over, reform economy now, NPAN tells Tinubu

Editor

Activist lauds Tinubu over $11.5bn victory against P&ID, seeks patriotism among citizens

Editor

Acting IGP Egbetokun assumes office, calls for interagency collaboration

Editor