2020 Budget: Senate approves Buhari’s request for N850bn loan

The Senate has approved President Muhammadu Buhari’s request for N850 billion loan from the Capital Market to finance projects in the 2020 budget...

The Senate has approved President Muhammadu Buhari’s request for N850 billion loan from the Capital Market to finance projects in the 2020 budget.It further mandated its Committees on Finance and Appropriation to liaise with the Minister of Finance, Mrs Zainab Ahmad for details of the loan.The request was conveyed in a letter addressed to President of Senate, Dr Ahmad Lawan and read at plenary.

He said the COVID-19 pandemic has affected the 2020 budget noting that the senate was working with the executive to address the problem.“Our sessions have been interrupted, but we have sustained our interventions and collaborations with other arms and agencies of government to mitigate the damage from the pandemic.”We will continue in our efforts in the interest of our good health, the well-being of our people and the sustainable development of our nation.

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