President Muhammadu Buhari seeks senate’s approval for fresh loans of 4billion dollars and 710million euros

President Muhammadu Buhari seeks senate’s approval for fresh loans of 4billion dollars and 710million euros

President Muhammadu Buhari has written to the National Assembly, seeking approval to borrow the sum of 4billion dollars and 710 million euros.

The request was made known in a letter read by Senate President Ahmad Lawan at plenary.

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In the letter titled Addendum to Request For Senate’s Concurrent Approval Of Multilateral Fund Projects Under the 2018-2021 Federal Government External Borrowing (Rolling) Plan, President Buhari explained that owing to “emerging needs”, there is a need to raise more funds for some “critical projects”.

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