President Muhammadu Buhari has sought the approval of the House of Representatives for the approval of fresh $5.513billion external loans.
In a letter read during Thursday’s plenary by the Speaker of the House of Representatives, Femi Gbajabiamila, said the funds were for 2020 budget deficit, financing of critical projects, and some states of the federation.
President Buhari also presented a revised 2020 Appropriation Bill and 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.
Recall that the National Assembly had recently approved N850bn loan for the Federal Government, while another of $22.79bn, which the Senate has already approved, is pending before the House.
