Nigeria: Buhari Writes Senate, Seeks Approval for $800m Loan From World Bank

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Nigeria: Buhari Writes Senate, Seeks Approval for $800m Loan From World Bank
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Buhari Writes Senate, Seeks Approval for $800m Loan From World Bank PremiumTimesng: Nigeria

President Muhammadu Buhari has asked the Senate to approve his request for obtaining a loan facility of $800m fromThe president's request was contained in a letter read by Senate President, Ahmad Lawan, at the plenary session on Wednesday.In the letter sent to the Senate, the president said the $800m loan facility is intended to be used to support poor Nigerians and will be disbursed to poor households across the country.

The president stated that the funds, when approved, will be sent to the bank accounts of the identified beneficiaries. The Minister of Finance and National Planning, Zainab Ahmed, announced in April that the federal government would secure

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