June 4, 2020

Daily Focus Nigeria

Reporting Latest News In Nigeria

House Of Reps Approve President Buhari’s N850bn Loan

The House of Representatives on Tuesday approved the request by the President Muhammadu Buhari to borrow N850bn to fund the 2020 budget.

The request was contained in a Presidential memo read by the Senate President, Ahmad Lawan on the floor of the Senate.

The approval was however given by the House at the plenary on Tuesday within about seven minutes.

Lawan had explained that the decision was to help sustain solutions to the health crisis and ensure the crisis does not create more problems for the government and its people.

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