The Senate has resolved to give accelerated approval to President Muhammadu Buhari’s request to raise a fresh loan of N850 bn from the domestic capital market to fund projects in the 2020 budget.
The request was contained in a Presidential memo read by the Senate President, Ahmad Lawan on the floor of the Senate.
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The upper chamber also mandated it’s Finance and Appropriation Committees to liaise with the Finance Minister to obtain more details of the loan request.
Details shortly…
