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Reps And Senate Approve Buhari’s $22.7bn, $5.513bn Loan Request

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The Nigeria house of reps members has approved Buhari’s $22.7bn loan request, while Senate approves the other $5.513bn on Tuesday, 2 June.

The House of Representatives on Tuesday approved President Buhari’s request to take $22.7 billion in foreign loans.

The House approved the request after it considered the report of its committee on aids, loans and debt management.

Last month, both Houses approved an ₦850 billion loan proposal from the president, which is to be sourced from domestic markets “to fund critical capital projects in the 2020 budget.”

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