Senate approves Buhari’s $5.5 billion loan request

The Senate on Tuesday approved the $5.5 billion loan request presented by President Muhammadu Buhari.

Buhari had asked for approval to borrow $2.5 billion to finance the 2017 budget and $3 billion to refinance domestic debts.

The lawmakers approved the president’s request after the senate’s committee on local and foreign debts presented its report.


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