Buhari seeks new N2.342tr external loan

President Buhari has sought the Nigerian senate’s approval for a fresh N2.343 trillion external loan to finance the 2021 budget.

Senate President, Ahmad Lawan, read a letter from the president seeking approval for the loan during plenary today May 18.

Senate President @DrAhmadLawan reads a letter from President @MBuhari, requesting for the Resolution of the National Assembly for the implementation of the external borrowing of 2.18 billion dollars in the 2021 Appropriations Act.

And added that, the request for the approval of Donor Funded Projects under the 2018-2020 Federal Government external borrowing rolling plan.

The letter requesting for a loan at Plenary was read after Senator Hezekiah Dimka moved for the adoption of Votes and Proceedings for Thursday, 6th May, 2021. Senator Clifford Odia seconds.

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