President Buhari Seeks Approval For Fresh $4bn, €710m Loan


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…

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