The President, Major General Muhammadu Buhari (retd.), has written to the House of Representatives to request for the approval of fresh external borrowings totalling $5.513bn.

Buhari, in the letter read by Speaker of the House of Representatives, Femi Gbajabiamila, at the plenary on Thursday, said the funds were for 2020 budget deficit, financing of critical projects, and some states of the federation.

The President also presented a revised 2020 Appropriation Bill and 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.

The National Assembly had recently approved a loan of N850bn for the Federal Government, while another of $22.79bn, which the Senate has already approved, is pending before the House.

Details later…

Fragility6:

U made sense but ur conclusion of God saving us nai vex me. See as nigerians stupid.Somebody wey fail 4 military regime,fail 4 common cattle bizness,fail for first tenure yet some idi*ts sets of people waka with dier God given brain still go vote for am. Now u dey face d consequences of dat action u dey call God.Wetin e wan do for u....I rememba in 2015 wen e come out my spirit no go wit diz man d way e dey drag jona 4 mud even make me dey suspect am more coz wen u use person downfall tk rise,ur story won't end well na fact. Lies upon lies upon lies.Just look were we dey 2day.Nothing works not even one thing u fit point out say e try do. God dey look us e no go do anytin