Nigerian Senate on tuesday approval the fresh N850B Loan from domestic capital market to finance project in the 2020 budget.
The senate has mandated its committees on finance, appropriation, Domestic and Foreign debt and national planning to liaise with the minister of Finance, Zainab Ahmed to get more detail on the loan request
According to the letter, President Buhari seeks to raise the loan from the domestic capital market to ensure adequate funds to finance projects in the budget.
After the letter was read, the lawmakers gave accelerated approval to the President’s request to raise the loan.
Earlier the lawmakers resumed plenary on Tuesday morning after spending 36 days at home following the outbreak of Coronavirus in the country.
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