The President of Nigeria, Muhammadu Buhari has forwarded a letter to the National Assembly seeking its approval to borrow fresh $4,054,476,863 and €710 million loans.
Buhari in the letter on Tuesday urged the national assembly to approve grant components of $125 million.
The President of the Senate, Ahmad Lawan, read the letter in the Senate on Tuesday.
The National Assembly in July approved the sums of $8.3 billion and €490 million loans contained in the initial 2018-2020 borrowing plan.
Buhari in the letter stated that due to the demands in the country, there is a need to raise…