Buhari Writes Senate, Seeks $5.5bn Loan

President Muhammadu Buhari has asked the Senate to approve a foreign loan of $5.5 billion to fund the 2017 Budget.

The President’s request was contained in a letter by the Senate President Bukola Saraki at the Senate plenary on Tuesday.

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As contained in the letter, Mr. Buhari said the 2017 Budget has a deficit of N2.356 trillion.

Details soon…

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