JUST IN: Buhari Seeks Approval of $800m Loan From Senate
AREWA AGENDA – Barely nineteen days to the expiration of the current administration, President Muhammadu Buhari has on Wednesday written to the senate for the approval of a new borrowing request of $800 million.
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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 World Bank.
Details later…
