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President Buhari

Buhari seeks Senate approval to borrow N2.10 trn

ABUJA – President Muhammadu Buhari, has sent a supplementary appropriation bill for the 2015 fiscal year to the Senate for approval.

The president, in a letter conveying his request, which was read Wednesday, during plenary, by the Senate President, Bukola Saraki, asked the Senate to grant his request to borrow the sum of N2.10 trillion to finance the budget.

He explained that the N882 billion loan earlier proposed by the past government to finance the budget had to be raised to N2.10 trillion, due to emerging realities in the country.

The source of the loan, according to the president, would be from both local and foreign.

Details coming- –

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Copyright 2020 Naija Center News. All Rights reserved. This material, and other digital content on the website, may not be reproduced, published, broadcast, or rewritten or redistributed in whole or in part without prior express written permission from Naija Center.

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