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Senate Okays Buhari’s N850bn Loan Request

The Nigeria Senate has approved the N850billion loan request of President Muhammadu Buhari.

Buhari had via a letter sent to the National Assembly, requested the loan to finance projects in the 2020 budget.

The lawmakers approved the President’s request to raise the loan after the letter was read at the plenary.

They also asked the Senate Committees on Finance and Appropriation to liaise with the Minister of Finance, Budget, and National Planning, Zainab Ahmed, to get more details on the loan request.

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