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.
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“
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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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