The House of Representatives is set to approve the request by President Muhammadu Buhari to source a loan amounting to N850 billion to fund some part of the 2020 budget. This follows the receipt of a report of its committee headed by Alhassan Ado which recommended the approval of the request earlier sent to the House by the president.

The committee recommended that the House should: “Approve the request to raise N850 billion in the new external borrowing plan in the 2020 Appropriations Act in naira from the Domestic Capital Market”. President Muhammadu Buhari had written a letter to the House of Representatives, seeking their approval for a N850 billion loan.

According to the letter, the N850 billion loan is to be sourced from domestic capital market to finance critical projects in the 2020 budget. The president had earlier sought the Senate’s approval for the loan to fund some projects in the 2020 budget.

Read more: https://www.dailytrust.com.ng/house-of-reps-to-approve-buharis-n850bn-loan-request.html

Okay

All these approve. what's the money used for?

My late dad used to tell me....."study hard and be independent so that one day u will not be a parasite to your siblings"
Nigeria is becoming parasite to the western world small small

Aye mi oooo.

By the time Buhari finish with this country eeeh, many people will have a brain reset.

You are begging someone to cancel your debt, you are still borrowing. He will use the money to feed school children.

The only thing this government thinks and understands is loans. Loan this, loan that, loan here and loan there. We are already the loan headquarters of the world