Senate Panel Rejects Buhari’s $700 Million Loan Request For Water Project

October 28, 2021
Senate President Ahmed Lawan 1
Senate President Ahmed Lawan 1

SENATE Committee on Local and Foreign Debt has turned down President Muhammadu Buhari’s loan request for Sustainable Urban and Rural Water Supply, Sanitation and Hygiene (SURWASH) under the Ministry of Water Resources.

This came 24 hours after the Ministry of Health appeared before the panel to seek approval for $200 million for procurement of mosquito nets and malaria medicines.

Join our WhatsApp Channel

The lawmakers, who took turns to fault the request, asked the ministry to furnish the panel with loans collected so far and projects they were tied to.

The committee chair, Senator Clifford Ordia, recalled that three different loans had been approved for various water projects.
He said: “$450 million for the ministry for water project being financed by the African Development Bank (AfDB) and another $6 million loan under integrated programme for development also financed by the AfDB and Gurara Water Project.

“You need to tell us what you are doing with $700 million for water projects.” The panel, therefore, resolved to summon the minister, Adamu Suleiman, to offer explanation on previous loans and how they were deployed.

In his contribution, Senator Obinna Ogba said he was against the offer, arguing that previous credits were unfelt. Senator Ibrahim Oloriegbe sought to know the criteria for picking benefitting states amid his opposition to the fresh loan.

Also opposing, Senator Sani Musa advised the committee to pick a workable one after a conscientious review.

Earlier, the Permanent Secretary in the ministry, Mrs. Esther Didi Walson-Jack, who could not offer a convincing explanation on previous loans, told the committee that SURWASH would last for five years, adding that $640 million was needed for the project and $60 million for capacity building.

+ posts
NDLEA Siezes N6bn Drugs Imported By Insurgents At Apapa
Previous Story

NDLEA To Establish Six Standard Rehab Centres Across Nigeria

INEC box
Next Story

INEC free to transmit Anambra election results electronically- Gaya

Featured Stories

Latest from News

Tinubu Hails Fela Kuti on Posthumous Grammy Lifetime Achievement Award

President Tinubu has paid glowing tribute to Afrobeat pioneer, Fela Anikulapo Kuti, following his posthumous recognition with the Recording Academy of America’s Grammy Lifetime Achievement Award, Prime Business Africa reports. In a statement issued by the State House on Sunday, the President

US Cannot Force Nigeria to Cancel Turkey Arms Deal – Defence Chief

Nigeria’s defence minister has said the United States cannot pressure the government into cancelling its new military partnership with Turkey, as the country prepares to receive defence equipment and technology from Ankara in the coming weeks. General Christopher Musa, a former chief
NDLEA Siezes N6bn Drugs Imported By Insurgents At Apapa
Previous Story

NDLEA To Establish Six Standard Rehab Centres Across Nigeria

INEC box
Next Story

INEC free to transmit Anambra election results electronically- Gaya

Don't Miss

Sesi Yemmie

Sisi Yemmie Gets Another Prediction: It Will Be Triplets Next!

As congratulatory messages continue to pour in for food
American music icon Dolly Parton and Hubby Carl Thomas Dean

Dolly Parton Recollects 60 Years Marriage With Carl Dean, Amid Tributes

Iconic American singer and songwriter, Dolly Parton, has only fun