President Buhari seeks senate approval for fresh $29.96bn loan

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President Muhammadu Buhari, on Thursday asked the Senate to approve a fresh loan of $29.96 billion.

President of the Senate, Ahmad Lawan, who read President Buhari’s letter in the red chamber of the National Assembly said the request is in Pursuant to Sections 21 and 27 of the Debt Management Office Establishment Etc, Act.

The 8th national Assembly had denied the president of his request to execute key infrastructural projects across the country between 2016 and 2018 because the letter conveying it was not accompanied by a borrowing plan.

Details Shortly.

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