Nigeria: 2021 N5.6trn Budget Deficit - Buhari Seeks Senate's Approval to Borrow $6.18bn

18 May 2021

President Muhammadu Buhari has sought the approval of the Senate to borrow $6.18 billion external loan to finance this year's N5.6 trillion budget deficit.

The president's request is contained in a letter addressed to the President of the Senate, Dr Ahmad Lawan, and read by Lawan at Tuesday's plenary.

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