Reps Pass Buhari’s N850bn Domestic Loans Request
The House of Representatives on Tuesday passed President Muhammadu Buhari’s request to raise N850 billion in new external borrowing in the 2020 Appropriation Act from the domestic capital market.
This was after the House considered the request in the...
N850bn Loan Will Enhance 2020 Budget Fiscal Efficiency, Says DMO
The Debt Management Office (DMO) has said that the N850 billion loan approved by the Senate on Tuesday is not a new borrowing but a mere fiscal step of converting external borrowing to domestic alternative...
Senate Okays Buhari’s N850bn Loan Request
Without a voice of dissent, the Senate on Tuesday gave accelerated approval to the request by President Muhammadu Buhari to take a fresh loan of N850 billion from the domestic capital market.
The approval came in less than five minutes...
