![Presidency Gives Breakdown On How Buhari Plans To Spend $4bn, €710m Fresh Loans [Full Details]](https://i0.wp.com/www.naijanews.com/wp-content/uploads/2020/10/Buhari-2021-budget-1000x600.jpg?fit=%2C&ssl=1 "Presidency Gives Breakdown On How Buhari Plans To Spend $4bn, €710m Fresh Loans [Full Details]")
The Presidency on Saturday gave detailed breakdown on how the President Muhammadu Buhari administration plans to spend new foreign loans.
Recall that Buhari on Tuesday forwarded a letter to the National Assembly seeking its approval to borrow fresh $4,054,476,863 and €710 million loans.
Buhari stated that due to the demands in the country, there is a need to raise more funds for some “critical projects”.
PDP, in its reaction, berated Buhari over the plan to obtain fresh foreign loans.
The opposition party rejected the move to borrow the fresh loans, saying that the Buhari…
