The Senate has given accelerated approval to President Muhammadu Buhari’s request to raise a fresh loan of N850bn from the domestic capital market to fund projects in the 2020 budget.
He made the request in a letter read by the Senate President, Ahmad Lawan, on Tuesday on the floor of the upper chamber of the National Assembly in Abuja.
According to the letter, President Buhari seeks to raise the loan from the domestic capital market to ensure adequate funds to finance projects in the budget.
More details soon…
