Senate Approves President Muhammadu Buhari’s Request To Borrow N850bn

May 12, 2020
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Just In: Buhari Shuts Down Lagos, Ogun, Abuja For 14 Days

President Muhammadu Buhari’s request to borrow N850bn from the domestic capital market to finance projects in the 2020 budget has been approved by the House of Representatives.

His request was approved barely a week after the Senate gave accelerated approval to the loan.

The Senate however mandated it’s that the Minister of Finance, Zainab Ahmed should liaise with its committees on finance, appropriation, Domestic and Foreign Debt and National Planning.

More details later…….

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