JUST IN: Senate Approves President Buhari’s $5.513 External Loan Request

The Senate has approved President Muhammadu Buhari’s $5.513 billion external loan request to finance the revised 2020 budget.

Buhari, in his letter of request stated that the $5.513 billion external loan is to enable the Federal Government fund the 2020 revised budget.

The approval followed the presentation and consideration of the report of the Senate Committee on Local and Foreign Debts by Senator Clifford Odia (Edo Central) by the upper chamber.

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