The Senate Committee on Local and Foreign Debt has kicked against President Muhammadu’s request to borrow $700 million for the execution pf a water project.
Buhari had earlier requested for approval of the loan to enable his administration embark on Sustainable Urban and Rural Water Supply, Sanitation and Hygiene (SURWASH) under the Ministry of Water Resources in 2022.
Members of the Senate Committee faulted the idea of seeking loan to fund Sustainable Urban and Rural Water Supply, Sanitation and Hygiene, pointing out that there were enough loans which the country has been servicing.
Chairman of the Committee, Senator Clifford Ordia said that three different loans have been approved for various water projects.
The Committee resolved to summon the Minister of Water Resources, Adamu Suleiman to appear before them to provide more explanation on the loans and state of loans collected so far.
Another member of the Committee, Senator Obinna Ogba, vehemently kicked against the request, arguing that Nigerians have not been enjoying water despite huge loans gotten in the past.