Business Hilights

Tracking Nigeria's Headline Business News Online


Amaechi not in tune with the govt he is serving—Senate

Ad 2
Ad 3

The Senate has swiftly dismissed to the recent comments made by the Minister of transportation, Mr. Rotimi Amaechi and submitted that “the statement was not only false and contradictory to available facts, but also portrayed the minister as not in tune with the position of the government in which he is serving”.

Amaechi had during the North Central Town Hall meeting by the Federal Government in Ilorin, said that the refusal of the legislature to approve the $29.96bn external borrowing plan of the Federal Government is frustrating some critical infrastructural projects as false.

But in a statement, the Senate spokesman, Senator Aliyu Sabi Abdullahi said 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 $1billion EuroBond In the International Capital Market For The Funding of the 2016 Budget Deficit” and we immediately granted the approval”.

“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.

“That statement was based on false and misinformed premise and a mere attempt to incite the people against the National Assembly. The minister should therefore withdraw the statement,” he said.


Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.