President Buhari seeks Senate approval to borrow N2.10 trn

President Muhammadu Buhari, has sent a supplementary appropriation bill for the 2015 fiscal year to the Senate for approval.

The president, in a letter conveying his request, which was read Wednesday, during plenary, by the Senate President, Bukola Saraki, asked the Senate to grant his request to borrow the sum of N2.10 trillion to finance the budget.

He explained that the N882 billion loan earlier proposed by the past government to finance the budget had to be raised to N2.10 trillion, due to emerging realities in the country.

The source of the loan, according to the president, would be from both local and foreign.

Vanguard

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

Written by Abel Abel

Abel Abel is your leading blog that focus on breaking news, entrepreneurship and relationship

Comments

Be the First to Comment!

avatar
  Subscribe  
Notify of

Count Us Out Of Biafra, South South Tells Agitators

See What This Girl Posted About Africans