Buhari requests N2.34 trillion loan approval from senate

May 18, 2021

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Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.

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President Muhammadu Buhari, on Tuesday, urged the Senate to approve a new external loan of N2,343,387,942,848.00, about $6.183billion, for the Federal Government to finance the 2021 budget deficit.

He explained that the loan would enable the Federal Government fund critical infrastructural projects in transportation, health and education among others.

Senate President Ahmad Lawan read Buhari’s letter of request on the floor of the Senate at plenary.

Details shortly….

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Buhari requests N2.34 trillion loan approval from senate

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