BREAKING! Reps Approve Buhari’s $22.7bn Loan Request, Senate Approves The Other $5.513bn

Posted by E.L.E.X on June 03 2020 under News









The House of Representatives on Tuesday approved Pres. Buhari’s request to take $22.7 billion in foreign loans.

The House approved the request after it considered the report of its committee on aids, loans and debt management.

President Buhari had said in 2019 that the loan was intended to fund key infrastructure in the country. The Senate had earlier given its nod to the request in March.

Last month, both Houses approved an ?850 billion loan proposal from the president, which is to be sourced from domestic markets “to fund critical capital projects in the 2020 budget.”

Last week, the president also wrote to both chambers, seeking the approval of another $5.513 billion foreign loans. Today, The senate approved the request




YOU MAY ALSO LIKE

Related Posts Pictures

Late Nigerian music icon and highlife maestro, Oliver de Coque, was honoured with a Google Doodle yesterday to celebrate his 74th posthumous birthday (PHOTOS)

Related Posts Pictures

UAE says it did not restrict travels from Nigeria

Related Posts Pictures

Good Move! Akeredolu Starts The Distribution Of Food Items In Ondo (Photos)

Related Posts Pictures

A 26-year-old bricklayer arrested for selling his 6-week-old twins for N500k in Edo State

Related Posts Pictures

OMG!! Man Lands In Hospital After Swallowing Lighter While Getting Drunk With Friends (Photos)

Comments


Add Comment

All fields are required!








Contact Us Picture

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