BREAKING: Buhari seeks approval for N2 trillion external loan

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President Muhammadu Buhari seeks $5.5 billion loan approval from the House of Representatives.

The external loan if approved is equivalent of about two trillion in naira.

The Speaker of the House of Representatives, Femi Gbajabiamila who made this known on Thursday during the plenary session said the federal government wants to use the funds when secured for the federal government’s priority projects and to support the COVID 19 pandemic response.

Adding that part of the money will be used to support the state governments and fund the revised 2020 budget.

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