President Muhammadu Buhari has requested for the favour of the National Assembly to get a loan of $29.960 billion.
According to a report by Punch Newspaper, President Buhari asked the National Assembly to approve his administration’s external borrowing plan to enable the President execute key programmes and infrastructural projects across the country.
In a letter to the Senate President and Speaker of the House of Representatives, Buhari made his intentions known on Tuesday, October 25, 2016 during a plenary session.
It was further reported that the fund will cover projects between 2016 and 2018.
In furtherance, the President is also seeking the approval of the legislators to the transfer of budgeted funds of N180.8 billion from an unspent appropriation category to another in the 2016 budget to cater for needed votes by some sectors of the economy.
