Nigeria: Senate approves President Buhari’s $1.5bn, €995m external loan requests

President Muhammadu Buhari

The Nigerian Senate on Wednesday approved $1.5billion and €995million external loan requests From President Muhammadu Buhari.

The approval was sequel to the consideration of the report of the Senate Committee on Local and Foreign Debts presented by its Chairman, Sen. Clifford Ordia during plenary.

The loans are to be used in servicing the 2020 Budget Deficit and to fund implementation of critical projects among others.

USMAN UMAR reports.

Senate President Ahmad Lawan

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