x

BREAKING: Again, President Buhari seeks approval of fresh $5.513bn loan

The President, Major General Muhammadu Buhari, has written to the House of Representatives to request for the approval of fresh external borrowings totalling $5.513bn.

Buhari, in the letter read by Speaker of the House of Representatives, Femi Gbajabiamila, at the plenary on Thursday, said the funds were for 2020 budget deficit, financing of critical projects, and some states of the federation.

The President also presented a revised 2020 Appropriation Bill and 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.

The National Assembly had recently approved a loan of N850bn for the Federal Government, while another of $22.79bn, which the Senate has already approved, is pending before the House.

Details later…

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Groups Call on President Tinubu to Intervene in UNICAL Dentistry Crisis

The Integrity Advocacy for Development Initiative (IADI) and other...

Bayelsa United to Face Shooting Stars in NPFL Season Opener

By Amgbare Ekaunkumo, Yenagoa Former Aiteo Cup champions Bayelsa United...

E-TICKETING: Sokoto Govt Releases 30 New Mass Transit Buses

By Muhammad Ibrahim, Sokoto The Sokoto State Government has released...

Benue Digital Infrastructure Company to Enhance State’s Revenue, Create Jobs, Says GMD

By Isaac Kertyo, Makurdi The Benue Digital Infrastructure Company (BDIC)...

NTTF Aspirant Targets Grassroots Revival, Better Facilities in North Central

From Abel Zwanke, Lafia Aspirant for the North Central Zonal...

Kano PCC Working to Ensure Justice and Peace – Sarina

By Jabiru Hassan The Kano State Public Complaints Commission (PCC)...

CSOs Demand Governor’s Urgent Action As Ibusa Youth Crisis Escalates

Civil society organizations identified as African Leadership Strategy &...

PDP Condemns ADC’s Verbal Attack, Reaffirms Readiness to Unseat Tinubu in 2027

The Peoples Democratic Party (PDP) has condemned what it...
spot_img

Related Articles

Popular Categories

spot_imgspot_img