The Senate voted against the request on Tuesday.
However, the South-East APC is begging the lawmakers to reverse the decision.
In a statement signed by its publicity secretary, Mr. Hyancinth Ngwu, and made available to journalists in Enugu, the APC in the South-East equally condemned the rejection of the proposed loan.
“The All Progressives Congress in the South-East geopolitical zone has appealed to the members of the Senate of the Federal Republic of Nigeria to rescind their rejection of the $29.680bn loan planned for the three fiscal years of 2016-2018.
“The rejection of the request by the Senate is ill-advised and an ill wind that blows no one any good,” the statement said.
The party noted that the loan was in order.