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HomePRESIDENCYBuhari seeks approval for fresh $4bn, €710m loans from Senate

Buhari seeks approval for fresh $4bn, €710m loans from Senate

It was disclosed in a letter read during the plenary today, that President Muhammadu Buhari, is seeking from the Senate, the approval of fresh borrowing to the tune of $4,054,476,863 and €710 million in an addendum to the 2018-2020 borrowing plan.

This development was read out by the President of the Senate, Senator Ahmad Lawan as Buhari is asking the National Assembly to approve grant components of $125 million.

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