Advertise Here

Senate Okays President Buhari's request for $5.5 billion foreign loan


The Senate has approved the request to seek a $5.5 billion foreign loan made by President Muhammadu Buhari. In a letter sent to the house last month, President Buhari said that $2.5 billion of the loan would be used to finance the 2017 budget while $3 billion is to be used for refinancing domestic debts.


After approving the loans, the Senate promised to properly oversight all the projects that the loans are meant to support in the outgoing 2017 budget. 

The approval followed the consideration of the report of the Senate Committee on Local and Foreign Debts whose Chairman, Senator Shehu Sani asked that the loan be approved as they are in line with the borrowing plan of the 2017 Appropriation act.
Share on Google Plus

About DPA Blog

I am Dat Edo Girl Call me sassy or Nasty|A heart breaker| A smooth talker| Humanitarian| freelance Writer| CopyWriter|A leader and a follower lol :)|Gist me the latest in town|
    Blogger Comment
    Facebook Comment

0 comments:

Post a Comment

All content except noted photos and videos copyright © 2018, DPA Media. All rights reserved. *Any images or videos not listed as mine are copyright to their respective owners and were used under creative common license or fair use standards. IF A PHOTO OR VIDEO IS YOUR MATERIAL AND YOU DO NOT WISH IT TO BE ON THE SITE, PLEASE EMAIL ME angelaeuyi@gmail.com AND I WILL REMOVE IT IMMEDIATELY. | Content created and maintained by Angela Uyi.