Senate approves President Buhari’s fresh N850bn loan request

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The Nigerian Senate has approved President Buhari’s request to get a fresh loan of N850bn.

Buhari said the loan requested is to fund some projects in the 2020 budget.

Ahmad Lawan, the Senate President read the request in form of a letter at the National Assembly in Abuja today April 28.

President Buhari requests to get a loan from the domestic capital market.

According to the letter, his aim is to ensure adequate funds to finance projects in the 2020 budget.

After the letter was read, the lawmakers approved the loan request.

 

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