The Senate has agreed to give accelerated approval to President Muhammadu Buhari’s request to raise a fresh loan of N850 bn from the domestic capital market to fund projects in the 2020 budget.
Also Read: 2020 Budget: Buhari Seeks Senate Approval For Fresh N850bn Loan
The approval was given soon after the President of the Senate, Senator Ahmad Lawan read a letter from President Muhammadu Buhari, seeking for the approval to go for fresh loan of N850 Billion from the Domestic Capital Market.
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The upper chamber also mandated it’s Finance and Appropriation Committees to liaise with the Finance Minister to obtain more details of the loan request.
