JUST IN: Buhari Writes Senate, Seeks Fresh $800m Loan

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President Muhammadu Buhari on Wednesday asked the Senate to approve a new borrowing request of $800 million. Buhari made the request in a letter read…

 

President Muhammadu Buhari on Wednesday asked the Senate to approve a new borrowing request of $800 million.

 

Buhari made the request in a letter read by Senate President Ahmad Lawan at Tuesday’s plenary.

 

The president, in the letter, explained that the loan would be used to scale up the National Social Safety Net Programme.

 

He said the new borrowing would be sourced from the Wolrd Bank.

More details later ….

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SUNDAY ADEBAYO is a writer, Public relations practitioner, and a versatile Journalist with over 6,000 reports on a wide range of topics associated with the Nigerian society and the international community. Currently the Editor In Chief at Society Reporters. His passion is to deliver great and insightful news and analysis on topical issues and society happenstances.