Senate approves Buhari’s N850b loan request
President Muhammadu Buhari’s request to raise N850 billion from the domestic capital market got an accelerated approval from the Senate on Tuesday.
The President is seeking the loan to fund projects in the revised 2020 budget.
The request was contained in a presidential memo read by Senate President Ahmad Lawan on the floor of the Red Chamber Senate.
After Tuesday’s approval, the Upper Chamber mandated its Finance and Appropriation Committees to liaise with the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, to obtain more Source:https://thenationonlineng.net/senate-approves-buharis-n850b-loan-request/