Reps Approve Buhari’s $5.5bn Loan
The House of Representatives has passed the revised 2020 Appropriation Bill, raising the national budget from the proposed N10.5tn to N10.8tn.
The budget was considered and passed after Mukhtar Betara, Chairman of the House Committee on Appropriations, presented the panel’s report.
While the Committees on Appropriations and Finance, at plenary, recommended N10,801,544,664,642, the lawmakers added N4 billion for the welfare of National Association of Resident Doctors’ members.
The House also approved the request by the President, President Muhammadu Buhari, for the Federal Government to obtain external loans totalling $5,513,000000.