• Budget: Buhari writes National Assembly to borrow $29.96bn external loan

    Budget: Buhari writes National Assembly to borrow $29.96bn external loan

    President Muhammadu Buhari on Tuesday forwarded a request to the National Assembly to approve external borrowing plan of $29.960 billion to execute key infrastructural projects across the country between 2016 and 2018.

    The president also requested for virement of N180.8 billion in the 2016 budget for provision of needed votes for some critical sectors across the 36 states of the federation and the FCT.

    Buhari made the requests in two separate letters to the President of the Senate, Dr Bukola Saraki, and […]