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Buhari’s $30bn Loan Request: Final Decision Rests On Executive, Legislative Arms – NGF

Channels Television  
Updated December 19, 2019

The Nigeria Governors’ Forum (NGF) says the final decision about granting President Muhammadu Buhari’s request to borrow $30billion rests on the executive and legislative arm.

Speaking to journalists after a meeting in Abuja on Wednesday, the Chairman of the Forum and Governor of Ekiti State, Mr Kayode Fayemi said the NGF does not come into the picture in the matter.

READ ALSO: 2020 Budget: Senate Approves N140.3bn For NCC

According to Fayemi, the loan request lies solely between the Federal Government and the National Assembly.

“The borrowing plan is a Federal Government borrowing plan, not the Federation borrowing plan. The Federal Government’s borrowing plan to the National Assembly is really a matter between the Federal Government and the National Assembly.

“It is not something that we want to put ourselves in-between,” Fayemi said.

Speaking concerning the issue of the implementation of the new minimum wage and its consequential adjustments in the states, the governors insist that the organised labour have no reason to give states that are yet to conclude the adjustment negotiations with their workers, December 30 notice for strike.

He added that every member of the forum is determined to continue negotiations based on the economic realities of each state.

The NGF also restated commitment to showcase the country’s business opportunities at the UK-Africa investment summit in 2020 as members hope to woo UK investors to invest in agriculture, manufacturing and the financial services sector.












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