Posted on: 03:28 Wed, 18 Nov 2015



President Muhammadu Buhari, has
sent a supplementary appropriation
bill for the 2015 fiscal year to the
Senate for approval.

The president, in a letter conveying
his request, which was read
Wednesday, during plenary, by the
Senate President, Bukola Saraki,
asked the Senate to grant his request
to borrow the sum of N2.10 trillion
to finance the budget.

He explained that the N882 billion
loan earlier proposed by the past
government to finance the budget
had to be raised to N2.10 trillion,
due to emerging realities in the
country.

The source of the loan, according to
the president, would be from both
local and foreign.

Source: Vanguard