President has sought the approval of the Senate on key appointments in some federal parastatals to defuse the raging controversy on his actions initially carried out without the chamber’s support.
The President also sought the approval of the Senate for a Development Policy Operation loan of $200million to Lagos State from the World Bank’s approved $600m loan to the State, which implementation is phased in three tranches of $200m per annum.
The first and second tranches were earlier approved by the National Assembly in the 2010-2012 and 2012-2014 Federal Government Borrowing Plan respectively.
“It is instructive to note that key programme objectives of the DPO are already beginning to show in terms of increased inflows of private investment to the State, increased private sector employment opportunities and increased Internally Generated Revenues”, the letter read in part.
Comments are closed.