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22.7 Billion Loan: Anambra Senator demands inclusion of South East as beneficiary

The Senator representing Anambra South in the Nigeria upper legislative chamber, Dr. Ifeanyi Ubah, has made a case for the inclusion of the South East zone in the approved $22.7 billion external loan requested by President Muhammadu Buhari.

Ubah said the inclusion will among other things address the infrastructure deficits in the zone.

ANAMBRA UPDATE recalls that the Senate on Thursday, approved President Muhammadu Buhari's request to borrow $22.7 billion despite objection from some Senators.

Buhari, in 2019 had sent the loan request to the Senate but was rejected by the Upper Legislative Chamber under the leadership of Bukola Saraki.

However, Ubah, who is also a chieftain of the Young Peoples Party(YPP), made his position known in a press statement made available to DAILY POST on Friday.

He said the Buhari-led federal government should inject part of the funds in the ongoing reconstruction of the Second Niger Bridge so as to boost the existing economic activities of the Eastern and Western regions of the country.

The statement read, "In line with the consideration of the Senate Committee report on Local and Foreign Debts and approval of the $22 billion external loan requested by President Muhammadu Buhari, yesterday on the floor of the Senate, I lamented over the infrastructural decadence ravaging the South East Zone.

"The second Niger Bridge is a major gateway shared be­tween the Eastern and West­ern parts of Nigeria. In view of this fact, I highlighted the economic and social importance of the second Niger bridge, as well as interlinking railway projects stressing that projects of such magnitude deserve urgent attention and funding from this loan.

"It is my earnest belief that the completion of the bridge would decongest the first Niger bridge and also have significant political and economic impacts; helping to boost economic activities in Anambra, Delta and the entire South-East States extensively as well as enable the eastern region have a better sense of belonging in the federation.

"Conclusively, I am confident that this new funding will bring life and quicker activities that will in turn, facilitate speedy work on the second Niger Bridge and other critical infrastructure in the Southeast region"

DailyPost