The Buhari Media Organisation (BMO) has praised the Senate for its bipartisan approach to President Muhammadu Buhari’s $5.513billion external loan request.
It said in a statement signed by its Chairman Niyi Akinsiju and Secretary Cassidy Madueke that Senators deserve to be commended for brushing aside partisan consideration to approve the loan request and pave way for seamless funding of the revised 2020 budget.
The BMO noted that it was instructive that the Peoples Democratic Party (PDP) caucus in the Senate ignored the national leadership of the opposition party to join their APC colleagues to endorse the loan request.
It added that the bipartisan endorsement shows a belief in the capacity of the Buhari administration as testified to by IMF on how the loans would be paid back in a sustainable manner.
The group also urged the National Assembly to adopt a similar approach to passing the revised 2020 budget when it comes up for consideration next week.
“We invite Nigerians to note that no PDP Senator spoke against the request, in a clear rejection of the hare-brained suggestion of their party that the external loan request was not necessary.
“They have opted to elevate national interests over and beyond the narrow, beer parlour consideration of the PDP leadership, and agreed on the need to power the national economy out of the economic doldrums created by Covid-19, and the recession predicted by the International Monetary Fund (IMF) and others.