Rejection of Buhari’s planned $29.9bn Loan in line with the laws of the land – Saraki | Nigeria News Today. Your online Nigerian Newspaper

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Senate President and Chairman, National Assembly, Senator Bukola Saraki said on Thursday that the rejection of plans by President Muhammadu Buhari to engage in external borrowing of $29.960billion for execution of key infrastructural projects across the country between 2016 and 2018 by the National Assembly stands.


According to Saraki, the National Assembly which he heads took such a position on the issue of borrowing in accordance with the laws of Nigeria and legislative conventions.

Responding to comments on his recent visits to President Muhammadu Buhari, Senate President Saraki who noted that dialogue cannot be ruled out between the legislature and the executive, said that the lawmakers had vowed to always be on the side of the people, devoid of political affiliation in the National Assembly.

In a statement Thursday by his Special Adviser, Media and Publicity, Yusuph Olaniyonu, the Senate President who warned politicians and the media against what he termed, empty speculations about his recent visits to the Presidential Villa and linking such visits to the request by the Buhari administration for approval of the National Assembly to get $29.9bn loan from foreign sources, said that he never discussed the issue during his visits to the Presidency.

Saraki who advised politicians and the media to stop peddling empty speculations, said that in all his recent meetings with President Muhammadu Buhari and Vice President Yemi Osinbajo, the issue of the proposed loan has never come up for discussion.

He noted that the comments by some politicians on the loan issue without any factual basis was “unfortunate”, adding, “Like I once told the media, these politically-motivated commentaries are trivialising a serious national issue and presenting it as if it is a personal matter that can be decided at meetings between Saraki and President Muhammadu Buhari.”

Saraki said, “The National Assembly which I head as Senate President has taken a position on the issue as required of it by the laws of the land and legislative conventions.

“At every point, the present National Assembly will make decisions based on national interest and we have vowed that we will always act in the interest of our people.

That is why despite the fact that members belong to different parties, when national issues come to the floor we forget about party affiliations and act as Nigerians elected to protect the interest of Nigeria.

“A visit to the Presidency by the Senate President is a normal thing because we need to consult, discuss, exchange ideas and make suggestions to each other from time to time.
More importantly, at this time, when the nation is facing economic crisis, there is need for frequent engagements by the Presidency and the National Assembly.

“It is in fact very unfortunate that these empty speculations by the media are now forming the basis for commentaries by some politicians who are in a position to be better informed. Politicians should stop playing to the gallery or drawing political capital from all issues. When serious national issues are on ground, we should refrain from making statements based on mere sentiments. Similarly, the media should exercise restraint in their reportage and commentaries in order to properly serve our people.

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