The Senate has approved President Muhammadu Buhari’s request for N850 billion loan from the Capital Market to finance projects in the 2020 budget.
The senate at plenary on Tuesday gave accelerated approval to the request for the loan.
It further mandated its Committees on Finance and Appropriation to liaise with the Minister of Finance, Mrs Zainab Ahmad for details of the loan.
Buhari had sought the approval of the Senate for the N850 billion loan to finance the 2020 budget.
The request was conveyed in a letter addressed to President of the Senate, Dr Ahmad Lawan and read at the plenary.
According to the letter, the President hoped to raise the loan from the domestic capital market to ensure adequate funds to finance projects in the budget.
Jupiter’s atmosphere is regulated by ammonia storms, research reveals
The Juno spacecraft orbiting Jupiter just revealed mechanisms driving mammoth storms in the Jovian atmosphere. Storms on Jupiter form ammonia-rich…
Google is determined to ruin Gmail
I’ve never held any particularly strong feelings for email clients. I didn’t care when Mailbox shuttered, and I barely batted an…
Apple clashes with Microsoft, Google, and Facebook over cloud gaming
Mommy and Daddy are fighting again — by which I mean, the big tech companies are fighting over their ventures…
IBM, the Linux Foundation, and Grillo unveil global earthquake early-warning system
Only a handful of countries (Japan, Taiwan, Mexico, and China) have nation-wide earthquake early-warning systems. Isn’t that weird? Many other…