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- –
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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