Senate to Amaechi: Retract claim on foreign loans

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The Senate on Wednesday asked the Minister of Transportation, Rotimi Amaechi, to withdraw his claim that the National Assembly’s refusal to approve foreign loan requests was stalling projects execution in country.

The upper chamber said Amaechi made the statement during Monday’s North Central Town Hall meeting held in Ilorin, Kwara State.
Senate said the minister reportedly claimed that the refusal of the National Assembly to approve the government’s request for foreign loan that will be used for counterpart funding was frustrating the construction of the Lagos-Ibadan and Ibadan-Ilorin-Minna -Kano rail lines.
The Senate, in a statement by its spokesman, Senator Aliyu Sabi Abdullahi, said the statement was not only “false, misrepresenting and contradictory to available facts but also portrayed the minister as somebody that is not in tune with the position of the government in which he is serving.”
The statement said: “As at today, the only request for approval from the Executive for loan was the one dated January 27, 2017 and signed by Acting President Yemi Osinbajo seeking a ‘resolution of the National Assembly for the Issuance of $1 billion EuroBond in the international capital market for the funding of the 2016 budget deficit’ and we immediately granted the approval.
“Also, in the letter quoted above, the government mentioned the two rail lines cited by the minister as part of the projects for which the EuroBond will be utilised. So, we cannot understand what the grouse of Mr. Amaechi is.
“We view that statement based on false and misinformed premise strongly as a mere attempt to incite the people against the National Assembly. The minister should therefore withdraw that statement. Furthermore, the National Assembly will take up the matter with the Acting President, Prof. Yemi Osinbajo.
“As a former Speaker of a state House of Assembly, we believe that a minister like Amaechi should always check his facts and refrain from making unguarded and inciting remarks against the legislature.
“What Nigeria needs at this point is for all arms of government to work together and create the synergy necessary to take Nigeria out of the present economic crisis we have found ourselves. Comments designed to infuriate one arm of government or incite the people against another arm of the government will do no one any good and we do not expect such statements from a minister in the present government.”
Source :the nation

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