BREAKING : PRESIDENT BUHARI WRITES HOUSE OF REPS, SEEK APPROVAL FOR A NEW LOAN OF $5.5b

0
164

President Muhammadu Buhari has requested the approval of the house of representatives for a loan of $5.5 billion.

In a letter read to the house during Thursday’s plenary session by the speaker, Hon.  Femi Gbajabiamila, President Buhari stated that  the funds will be used for the federal government’s priority projects and to support the response to the COVID-19 pandemic.

Buhari also disclosed that part of the loan will be used to fund the revised 2020 budget, and  provide support to the state governments.

LEAVE A REPLY

Please enter your comment!
Please enter your name here