…Expresses NASS worry over FG’s borrowings
Worried by incessant killings in the country, President of the Senate, Ahmad Lawan, has said “the situation is not too good for the country”.
According to the Senate President, while thanking lawmakers and journalists for honouring his 63 birthday, said “Recently, we lost 200 people in Zanfara and some number in other parts of the country. This is not the type of story we want to hear as a government and country”.
He further stated, that it is a sense of sympathy, empathy and humanity that guided the low-key celebration, praying that God would help the leadership to find a lasting solution to the security challenges in the country.
He added that though the armed forces and security agencies, generally, have been retooled to check insecurity, he noted that more efforts and results were expected.
“The security situation in the country is begging for more attention, and it shall be given because that is the primary purpose of governance”, he said
He, however, stated that despite the security challenge in the country, the Ninth National Assembly had collaborated well with the executive arm of government in giving dividends of democracy to Nigerians within the last two and half years.
The Senate President also expressed the National Assembly’s concern about the country’s level of borrowing. Speaking with newsmen on Wednesday in Abuja, Lawan said the country needs to generate more revenue to reduce its borrowing.
There have been concerns about the country’s high level of borrowing, which according to estimates, puts the country’s domestic debt stock at N18 trillion.
The Director-General of the Debt Management Office (DMO), Patience Oniha, has said Nigeria’s public debt is N38.01trillion or $92.63 bn, as of Q3 2021.
The Lawan-led Senate has not declined any request for approval of loans by the Executive.