Featured
Senate endorses Buhari’s request for N850bn fresh loan
The Senate of Nigeria National Assembly at the resumed plenary on Tuesday gave express approval to the request of President Muhammadu Buhari for N850 billion fresh loan to fund the 2020 budget.
The president had sent a letter to the Senate requesting approval to secure a fresh loan of N850 billion to fund some projects in the 2020 budget.
The President of the Senate, Ahmad Lawan, reading the letter on Tuesday, noted that President Buhari seeks to raise the loan from the domestic capital market to ensure adequate funds to finance projects in the budget.
The senators did not hesitate to give speedy approval to the President’s request.
The lawmakers in the Upper Chamber of the National Assembly immediately directed the Senate Committees on Finance and Appropriation to liaise with the Minister of Finance, Budget, and National Planning, Zainab Ahmed, to obtain more details on the loan request.
The senators had been on emergency recess since March as means of containing the spread of coronavirus (in the country.
-
News6 days agoUK, Canada pledge closer cooperation on trade, defence and AI
-
Business1 week agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
Business7 days agoTinubu’s economic reforms face public confidence test as cost-of-living crisis persists
-
Business7 days agoDangote: Petrol price gap fuels smuggling as Nigeria faces fresh pump price surge
-
Business4 days agoDangote Refinery IPO: Can small investors really make money from the shares?
-
Comments and Issues5 days agoWavy fuel prices and deepening cost-of-living crises in Nigeria
-
Football4 days agoFULL LIST: Eight stadiums to host 2027 Women’s World Cup in Brazil
-
Business2 days agoJetour takes T1 adventure SUV experience to Abuja, targets growing Nigerian market