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Senate Approves Buhari’s $5.513 External Loan Request

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The Senate has approved President Muhammadu Buhari’s $5.513 billion external loan request to finance the revised 2020 budget.

Buhari, in his letter of request stated that the $5.513 billion external loan is to enable the Federal Government fund the 2020 revised budget.

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The approval followed the presentation and consideration of the report of the Senate Committee on Local and Foreign Debts by Senator Clifford Odia (Edo Central) by the upper chamber.

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