Buhari seeks Reps approval to borrow $5.513b to finance revised 2020 budget

President Muhammadu Buhari has sought the approval of the lawmakers of the House of Representatives to borrow the sum of $5.513 billion from external sources to finance the revised version of the 2020 budget.

President Buhari made the request in a letter addressed to the House and read on the floor of the lower chamber on Thursday by Speaker of the House of Representatives, Hon. Femi Gbajabiamila on Thursday during plenary.

According to Mr. President, the said sum is to help the Federal Government to finance the revised 2020 appropriation and support state government meet their challenges occasioned by COVID-19.

details shortly…

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