Buhari Seeks National Assembly’s Approval to Borrow $30bn



PRESIDENT Muhammadu Buhari has asked the National Assembly to approve his administration’s external borrowing plan of $29.960bn for the execution of key programmes and infrastructural projects across the country. The fund will cover projects between 2016 and 2018.

The President also sought legislative approval for virements totalling N180.8bn in the 2016 budget to cater for needed votes by some sectors of the economy. Buhari made both requests in two separate letters to the Senate President, Bukola Saraki, and Speaker of the House of Representatives, Yakubu Dogara, which were read to lawmakers in both chambers of the National Assembly during plenary on Tuesday. – Punch

—  Oct 25, 2016 @ 18:25 GMT


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