Buhari to borrow N2.1 trillion, asks Senate for approval

buhari

President Muhammadu Buhari has submitted a supplementary appropriation bill of N2.1 trillion for the 2015 fiscal year to the Senate for consideration and approval.

In a letter conveying the message which was read at the plenary Wednesday, Buhari said that N882 billion loan proposed by the past administration had to be raised to N2.1 trillion in order to combat the current economic realities in the country.

The loan is to be raise both form local and foreign sources.

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