Buhari writes Senate; seeks approval for $3 billion external loan - Newsalert NG

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Tuesday, 10 October 2017

Buhari writes Senate; seeks approval for $3 billion external loan






President Muhammadu Buhari has written the Senate to seek approval for a N3 billion external loan.

The president also sought the lawmakers’ approval to issue $2.5 billion Eurobond or Diaspora bond in the international market.

In a letter read by the Senate President, Bukola Saraki, the President explained that the bonds issued will be channeled towards funding of the 2017 budget while the loan will be used in refinancing of maturing domestic debts.
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