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News

Buhari writes letter to Senate, seeks approval for N2.3trn external loan

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: May 18, 2021
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1 Min Read
Senate President Ahmad Lawan
Senate President Ahmad Lawan
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President Muhammadu Buhari has written the Senate, seeking the approval for external loan of N2.3 trillion.

The request by President Buhari is contained in a letter read on Tuesday at plenary by the President of the Senate, Senator Ahmad Lawan.

According to Buhari, the proposed loan which is equivalent of N2.3trn is to finance the 2021 budget deficit of N5.6trn

He explained that the loan would enable the Federal Government fund critical infrastructural projects in transportation, health and education, among others.

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ByMuhammad A. Aliyu
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Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
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