President Muhammadu Buhari Goes On A Massive Borrowing Spree, ‘Begs’ Saraki’s Senate To Approve Multi-Billion Dollar Foreign Loan

By Post Nigeria October 10, 2017 12:28

President Muhammadu Buhari Goes On A Massive Borrowing Spree, ‘Begs’ Saraki’s Senate To Approve Multi-Billion Dollar Foreign Loan

President Muhammadu Buhari, has requested the approval of the Senate to take $5.5 billion foreign loan, for the execution of the 2017 budget.

The letter of the President was read by the Senate President, Bukola Saraki, during this morning’s plenary.

The letter dated October 4, was read a week after the Minister of Finance, Kemi Adeosun, blamed the Senate for delaying the approval. She claimed that the request has been hanging at the National Assembly.

More later…

 

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