2017 Budget: Buhari Writes Senate For $5.5 Billion Foreign Loan

Nigeria could be thrown into more debt after President Muhammadu Buhari 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’s was read by the Senate President, Bukola Saraki during this morning plenary.

The letter dated October 4, this year 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.

Details later…

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