JUST IN: Senate approves Buhari’s request to borrow $5.5bn

The senate has approved the $5.5 billion loan request of President Muhammadu Buhari.

Buhari had asked the upper legislative chamber for the approval to borrow $2.5 billion to finance the 2017 budget and $3 billion to refinance domestic debts.

The lawmakers approved the president’s request after the senate’s committee on local and foreign debts presented its report on Tuesday.

More to come, Still update
Naija Newspapers
Naija Newspapers

Naija Newspaper is a digital media distribution and review company focused on delivering Nigerian news across Nigerian audience. We are the biggest newspaper review company online; our value proposition is to be the all-in-one station for daily newspapers distributed in the country to various online audience. Our partnership includes and is not limited by the following Punch newspaper, Thisday online, Daily Sun Newspaper, Nigeria Tribune, BusinessDay, Leadershjip, Blue Print, Nigeria Guardian and Vanguard newspapers.