Breaking news: Buhari Writes Reps, Seeks Fresh $5.513bn Loan

Breaking news: Buhari Writes Reps, Seeks Fresh $5.513bn Loan

President Muhammadu Buhari has contacted the House of Representatives to demand for the endorsement of new $5.513bn credit.

Speaker of the House of Representatives, Femi Gbajabiamila, while perusing the letter sent by the President at the whole on Thursday, noticed that the assets were for 2020 spending shortfall, financing of basic activities, and a few conditions of the organization.

President Buhari likewise introduced an amended 2020 Appropriation Bill and 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.

Review that the National Assembly as of late endorsed a credit of N850bn for the Buhari-drove government, while another of $22.79bn, which the Senate has just affirmed, is pending before the House.

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