Politics

Buhari Applies for Another Foreign Loan

The president of Nigeria; Muhammadu Buhari had recently written the National assembly, the house of Representatives for an approval of a fresh loan.

It was read and presented in the floor of the house on Thursday by the speaker of the house of Representatives; Mr Femi Gbajabiamila.

He explained that the loan will take care of the 2020 budget deficit and cater for projects and unplanned events due to the Covid-19 pandemic.

The loan to be acquired is totaled to be $5.513 also noting that the national assembly had recently approved an #850 billion loan. Also, the Senate had approved a loan $22.79 but pended by the house of Representatives.

Career Mission Media is monitoring the process of the loan approval. Details shortly.

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