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.
Man Pays Kidnappers ₦900,000 to Abduct Aunt Who Raised Him The Nigeria Police Force in…
Security Operatives Arrest Kidnappers, Recover ₦8m Ransom in Plateau Joint security operatives in Qua’an Pan…
2027: 14 Opposition Parties Form Mega Coalition, Agree on Single Candidate to Challenge Tinubu A…
Nnamdi Kanu Thanks Ex-US Mayor Mike Arnold, Reaffirms IPOB Support The detained leader of the…
APC Blasts Makinde Over ‘Operation Wetie’ Remark Ahead of 2027 Elections The All Progressives Congress…
Gunmen Abduct RCCG, CAC Clerics, Families in Kogi Community Attack Tension remains high in Odo-Eri…