A fresh loan of $5.513bn has been requested by the President, Major General Muhammadu Buhari (retd.) to the House of Representatives.
In the letter read by Speaker of the House of Representatives, Femi Gbajabiamila, at the plenary on Thursday, said the funds were for 2020 budget deficit, financing of critical projects, and some states of the federation.
The National Assembly had recently approved a loan of N850bn for the Federal Government, while another of $22.79bn, which the Senate has already approved, is pending before the House.
Details later…
