Buhari writes House of Representative to approve $5.15B Loan

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President Muhammadu Buhari has written to the house of representative for the approval of $5.15B loan.

The loan which has been referred to the House Committee on loans and Debt for consideration, in a letter read by Speaker of the House of Representatives, Femi Gbajabiamila, at the resumption of plenary on Thursday morning will be used to finance the 2020 budget deficit, critical projects, and to also finance projects to support some state governors.

Recall 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.

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