The President request for the approval of fresh external borrowings totalling $5.513bn.
The funds had been for 2020 budget deficit, financing of critical projects, and some states of the federation.
National Assembly had just lately accepted a loan of N850bn.
The President, Major General Muhammadu Buhari (retd.), has written to the House of Representatives to request for the approval of fresh external borrowings totalling $5.513bn.
Buhari, within the letter read by Speaker of the House of Representatives, Femi Gbajabiamila, on the plenary on Thursday. Stated the funds had been for 2020 budget deficit, financing of critical projects, and some states of the federation.
The President additionally presented a revised 2020 Appropriation Bill and 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.
The National Assembly had just lately accepted a loan of N850bn for the Federal Government, whereas one other of $22.79bn, which the Senate has already accepted, is pending before the House.
The President, Major General Muhammadu Buhari (retd.), and members of his family on Sunday morning observed the Eid-el-Fitr prayers at the Presidential Villa, Abuja.
The prayers held at his residence with members of the first family in attendance.
