President Buhari Writes Senate, Seeks Approval For $5.5bn External Loan

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President Muhammadu Buhari has written the Senate to seek approval for external loan to the tune of $5.5 billion.

In a letter read by the Senate President, Bukola Saraki, the President explained that the fund will be channelled towards funding capital projects in the 2017 budget and refinancing maturing domestic debts.