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Buhari Seeks $200m Loan For Lagos

…As Senate Begins Confirmation Today

President Muhammadu Buhari yesterday requested for special approval for a Development Policy Operation II (DPO II) loan of $200 million to Lagos State from the World Bank. Buhari’s request was contained in a letter entitled ‘Request for Special Approval of Lagos State DPO II Under the Federal Government External Borrowing Plan (2015-2017)’, which was addressed to the Senate President, Senator Abubakar Bukola Saraki, on September 10.

Buhari, who explained that the amount in question is the third tranche, added that the first was approved by the National Assembly in the 2010-2012 government external (rolling) borrowing plan, while the second was approved in 2012-2014 plan.

Meanwhile, the Senate would today (Wednesday) commence the consideration and confirmation of the appointees of President Muhammadu Buhari, which were transmitted to the Senate President, Senator Abubakar Bukola Saraki.

One of such confirmation is the appointment of Engr. Umaru Garba Danbatta as the Executive Vice Chairman of the Nigerian Communications Commission (NCC) for a first term of five years.. Others are the appointment of Dr. William Babatunde Fowler as the Executive Chairman of the Federal Inland Revenue Board for the first term of four years, and the appointments of Ahmed Lawan Kuru as the Managing Director and three other executive directors of the Asset Management Corporation of Nigeria (AMCON) for the first term of five years.


– Teddy Nwanunobi, Abuja

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