President Muhammadu Buhari has written the Senate, asking for approval for a $6.18bn external loan.
The request is contained in a letter read on Tuesday at plenary by the President of the Senate, Senator Ahmad Lawan. According to the President, the proposed loan which is equivalent of N2.3tn is to finance the 2021 budget deficit of N5.6tn.
He explained that the loan would enable the Federal Government fund critical infrastructural projects in transportation, health and education, among others.
NURTW scribe felicitates Nigerians on Xmas, urges caution The General Secretary of the National…
Why we displayed 'Jesus Christ is not God' banner at Lekki mosque -Imam …
CBN fines bank found hoarding cash N150m The Central Bank of Nigeria (CBN) has imposed…
Lagos-Calabar coastal road: Train track work begins 2025, says minister The Federal Government plans to…
Three days to Christmas, food prices, transport fares hit the roof According to the Universal Declaration of Human…
Three Ogun varsity students die in auto crash The Police Command in Ogun State has…