According to a report by Punch Newspaper, President Buhari
asked the National Assembly to approve his administration’s
external borrowing plan to enable him execute key programmes
In a letter to the Senate President and Speaker of the House of
Representatives, Buhari made his intentions known on Tuesday,
October 25, 2016 during a plenary session.
It was further reported that the fund will cover projects between
2016 and 2018.
In furtherance, the President is also seeking the approval of the
legislators to the transfer of budgeted funds of N180.8 billion
from an unspent appropriation category to another in the 2016
budget to cater for needed votes by some sectors of the
economy.
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