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Nairaland Forum / Nairaland / General / Politics / Buhari Seeks Senate Approval To Borrow N2.10 Trn (271 Views)
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Buhari Seeks Senate Approval To Borrow N2.10 Trn by jollanson(m): 4:03pm On Nov 18, 2015 |
By Henry Umoru & Joseph Erunke
ABUJA – – President Muhammadu Buhari, has sent a
supplementary appropriation bill for the 2015 fiscal
year to the Senate for approval.
The president, in a letter conveying his request,
which was read Wednesday, during plenary, by the
Senate President, Bukola Saraki, asked the Senate to
grant his request to borrow the sum of N2.10 trillion
to finance the budget.
He explained that the N882 billion loan earlier
proposed by the past government to finance the
budget had to be raised to N2.10 trillion, due to
emerging realities in the country.
The source of the loan, according to the president,
would be from both local and foreign. |
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