2017 Budget: Buhari Seeks Approval to Borrow $5.5bn Foreign Loan

President Muhammadu Buhari has requested the approval of the Senate to take $5.5bn foreign loan for the execution of the 2017 budget.

The Senate president, Bukola Saraki read the President’s letter during plenary.

The letter dated October 4,this year was read a week after the Minister of Finance, Kemi Adeosun blamed the Senate for delaying the approval. She claimed that the request has been hanging at the National Assembly.

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