Pin It
Friday 18th September 2020,
Hope for Nigeria

Buhari Seeks Fresh $5.513bn Loan, Writes House Of Representatives

Niger Delta Development Commission

The President, Major General Muhammadu Buhari (retd.), has written to the House of Representatives to request for the approval of fresh external borrowings totalling $5.513bn.

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.

Details later…

Source

If you enjoyed this article FEEL Free to TIP Hope for Nigeria Online:

Any Amount Welcome 🙂

Paypal: Paypal.me/hopefornigeria

Do you have story and would like it to be published on Hope for Nigeria? or want to Place Adverts on the Website, If yes email us at moyo@hopefornigeriaonline.com

Like this Article? Share it!

Leave A Response