The Nigerian Senate has given its Committee on Foreign and Local Debts 14 days within which to process President Muhammadu Buhari’s request for a fresh ₦2.343 trillion ($6.183 billion) for approval. Senate President Ahmad Lawan gave the directive at the commencement of Tuesday’s plenary session shortly after the Senate Majority leader, Yahaya Abdullahi, drew the attention of the Senate to the pending request. The Senator Clifford Ordia-led Committee on Foreign and Local debt had approved a total of $28 billion so far. The current request will take the total loan approved to $35.683 billion. Buhari had urged the Senate to approve N2.3 trillion ($6.183 billion) external borrowing. He said the loan was to finance the 2021 budget deficit of N5.6 trillion. The President indicated that the loan ...
<img width="696" height="464" class="entry-thumb" src="https://www.today.ng/wp-content/uploads/2021/01/13125818-696×464.jpg" srcset="https://www.today.ng/wp-content/uploads/2021/01/13125818-696×464.jpg 696w, https://www.today.ng/wp-content/uploads/2021/01/13125818-300×200.jpg 300w, https://www.today.ng/wp-content/uploads/2021/01/13125818-630×420.jpg 630w, https://www.today.ng/wp-content/uploads/2021/01/13125818.jpg 699w" sizes="(max-width: 696px) 100vw, 696px" alt="(FILES) In this file photo taken on November 14, 2018 Wyoming US Representative Liz Cheney speaks following the House Republican leadership vote at the Longworth House Office Building on Capitol Hill in Washington, DC. – Senior Republican Con...
A band of President Donald Trump’s Republican allies planned a last-ditch effort on Wednesday to undo his election loss to Democrat Joe Biden, a bid almost certain to fail that comes on the same day their party is poised to lose its majority in the Senate. The Republican-led Senate and Democratic-controlled House of Representatives were due to meet to formally certify Biden’s victory in the Nov. 3 election in proceedings that could stretch past midnight. In a joint session of Congress, Trump’s allies plan to challenge the results from a handful of states won by Biden. Thousands of pro-Trump protesters converged on Washington ahead of the session at his urging. Some clashed with police overnight. Biden won the election by a 306-232 count in the state-by-state Electoral College and by a marg...
Republican Senate Majority Leader Mitch McConnell congratulated President-elect Joe Biden on Tuesday, dealing a blow to any lingering hopes Donald Trump may have had of reversing his election defeat. “The Electoral College has spoken,” the powerful senator from Kentucky said in a speech on the Senate floor. “So today I want to congratulate President-elect Joe Biden.” McConnell also congratulated California Senator Kamala Harris on her election as Vice President. “Beyond our differences, all Americans can take pride that our nation has a female Vice President-elect for the first time,” McConnell said. Members of the Electoral College met around the country on Monday and delivered 306 votes to Biden and 232 to Trump, who has refused to concede the November 3 election and claimed falsely that...
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