The House of Representatives has suspended the consideration of the 22.79 billion dollars  foreign loan request by the President Muhammadu Buhari.

The House had listed the report by its Committee on Aids, Loans and Debt Management on the 2016–2018 Federal Government External Borrowing Rolling Plan as the last item for consideration on the order paper for Wednesday’s proceeding.

The Speaker, Femi Gbajabiamila, however, asked that the consideration be suspended indefinitely. He had on Tuesday announced that the loan would be considered on Wednesday.

He had made this known in reaction to a member of the House, Henry Nwawuba, who presented a petition by a group of South-East elite, against the consideration and approval of the external loan.

The Senate last week approved the foreign loan but not without protests from the opposition Senators led by the Minority Leader, Enyinnaya Abaribe.