Again Buhari Writes Senate, Seeks Fresh $800m Loan

Again Buhari Writes Senate, Seeks Fresh $800m Loan

President Muhammadu  Buhari on Wednesday asked the Senate to approve a new borrowing request of $800 million.

Buhari made the request in a letter read by Senate President Ahmad Lawan at Tuesday’s plenary.

The president, in the letter, explained that the loan would be used to scale up the National Social Safety Net Programmed.

He said the new borrowing would be sourced from the World Bank.