Nigerian Reacts As Buhari Seeks assembly’s approval to Borrow fresh $4bn, €710m

President Muhammadu Buhari is seeking the approval of the national assembly to borrow fresh sums of $4,054,476,863 and €710 million in an addendum to the 2018-2020 borrowing plan.

The president also asked the national assembly to approve grant components of $125 million.

The request was in a letter read by Senate President Ahmad Lawan on the floor of the upper legislative chamber on Tuesday.

In July, the national assembly approved the sums of $8.3 billion and €490 million loans contained in the initial 2018-2020 borrowing plan, But in the letter, Buhari explained that... Advance Reading For More Details...b

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