BREAKING: President Buhari Writes Reps, Seeks Fresh $5.513bn Foreign Loan For COVID-19, Other Projects – SaharaReporters.com

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The House of Representatives has bought one other letter from President Muhammadu Buhari looking out for approval of his resolution to borrow one other $5.513bn.The letter was once read on the floor of the House by the Speaker, Femi Gbajabiamila, on the plenary on Thursday.
Buhari said the funds were for 2020 funds deficit, financing of critical initiatives, and some states of the federation. 

The President additionally presented a revised 2020 Appropriation Bill and 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.
The Nationwide Assembly had no longer too long ago authorized a mortgage of N850bn for the Federal Government, whereas one other of $22.79bn, which the Senate has already authorized, is pending sooner than the House.

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