Senate Hastily Approves Buhari’s Latest Loan Request of N850 billion

The Nigerian Senate has approved the Executive’s loan request of N850 billion.

The request which was contained in a letter sent to the floor of the Senate on Tuesday pointed out that the money was needed to fund some project’s outlined in the 2020 budget.

After the request was read to the senators, they hastily approved it and gave their go ahead for the money to be raised.
They also asked the Senate Committees on Finance and Appropriation to liaise with the Minister of Finance, Budget, and National Planning, Zainab Ahmed, to get more details on the loan request.

This was the first time in over a month that the lawmakers held a plenary session since they went on a compulsory break 36 days ago after the onset of the Coronavirus pandemic.

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