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The Senate on Tuesday has given the Federal Government fresh conditions upon which it would consider and approve its $5.8 billion loan request from the China Exim Bank.
The Federal Government had requested the sum for the construction of Standard Guage lines from Lagos-Kano, Kano-Kaduna, Lagos-Ibadan, and Lagos Calabar.
Senator Enyinnaya Abaribe, (PDP Abia South), in a motion asked the senate not consider the loan except all regions were carried along in the utilisation.
The Senate upheld the argument of Senator Abaribe that there was no reason why the South East should be excluded from the rail project for which the loan was sought.
Abaribe in his motion requested the Senate to suspend consideration of the loan request until the Federal Government included the South East as beneficiaries in the project.
However, the President of the Senate said that the leadership of the National Assembly had already identified the flaw and had taken it up with the executive.
The Federal Government had requested the sum for the construction of Standard Guage lines from Lagos-Kano, Kano-Kaduna, Lagos-Ibadan, and Lagos Calabar.
Senator Enyinnaya Abaribe, (PDP Abia South), in a motion asked the senate not consider the loan except all regions were carried along in the utilisation.
The Senate upheld the argument of Senator Abaribe that there was no reason why the South East should be excluded from the rail project for which the loan was sought.
Abaribe in his motion requested the Senate to suspend consideration of the loan request until the Federal Government included the South East as beneficiaries in the project.
However, the President of the Senate said that the leadership of the National Assembly had already identified the flaw and had taken it up with the executive.
