BREAKING: Buhari Seeks Fresh $5.513 Billion Loan For COVID-19 & Other Projects – Should Senate Approve The Loan?
Posted by E.L.E.X on May 28 2020 under News
The President also presented a revised 2020 Appropriation Bill and 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.
President Muhammadu Buhari has written to the House of Representatives to request for the approval of fresh external borrowings totalling $5.513bn, The PUNCH reports.
Buhari, 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 President also presented a revised 2020 Appropriation Bill and 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.
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.
What Are Your Thoughts On This?
Drop your comments
Tweet
YOU MAY ALSO LIKE
Comments
Add Comment
All fields are required!
Are you interested in Advert placement | Promoting your Music or Video | Other Enquiries? We are always available to get that done for you without breaking a sweat. Send us a mail @ elextechnologies4@gmail.com | Call us @ 08132021949 | Message us via whatsapp @ 08132021949
