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2020 budget: Buhari seeks Senate’s approval for fresh N850bn loan

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President Muhammadu Buhari has asked the Senate to approve his request of a fresh loan of N850 billion to fund some projects in the 2020 budget.
The President of the Senate, Ahmad Lawan, read the president’s request letter during plenary on Tuesday, April 28, 2020.
The president said he seeks to raise the loan from the domestic capital market to ensure adequate funds to finance projects in the budget.
Tracking COVID-19 in Nigeria
Total Coronavirus Cases, Apr 28
1,337
Total Coronavirus Deaths, Apr 28
40
Year-to-Date change in NSE ASI
-16
Balance in Excess Crude Account, Dec 2019 (million)
$70
Brent Crude ($ per barrel)
22
SOURCE:BUISNESS DAY
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