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Home » News » Senate approves N850 billion loan request by Buhari

Senate approves N850 billion loan request by Buhari

by Matthew John Alex
3 years ago
in News
Reading Time: 2 mins read
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President Buhari requested a loan of N850 Billion and just on Tuesday, 28th of April, the Senate approves the loan request by Buhari to finance projects in the 2020 budget from the Capital Market.

The president had sent a letter to the senate president, Mr. Dr. Ahmad Lawan and it was read at the plenary session by the senate president.

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The purpose of the letter according to a report on DAILY POST is to “raise the loan from the domestic capital market to ensure adequate funds to finance projects in the budget“

The Committees on Finance and Appropriation are to communicate with the Minister of Finance, Mrs. Zainab Ahmad for details of the loan.

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Matthew John Alex

Matthew John Alex

Matthew John Alex; The founder and CEO of Naijatech360 and Naijanews360. I am a web developer with experience in JavaScript, jQuery, HTML/CSS(Bootstrap), and PHP. I am also a digital journalist and copywriter with experience in content creation, SEO, and web design using WordPress, Wix, and several others.

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