Senator Shehu Sani has revealed “the legislative procedure for approving loans.”
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| Senator Shehu Sani |
According to Senator Sani: “The legislative procedure for approving loans;
The president letter of request for loan is read in the chamber by the Senate President and the Speaker.
The letter of request is transmitted to the Committee on local and foreign debt. The committee receives the letter, set a date and summons the finance minister, DG budget, DG Debt management office and all heads of agencies factored in the loan. The committee reports back to the Chamber and the report is debated. The Senate and the House concur. The Lawmakers decides whether to approve or not to approve.
“I don’t know how all this happened in 48 hours.I salute the 10th NASS for being faster than the 8th NASS.”
