Buhari seeks Senate approval to borrow N2.10 trn

 President Muhammadu Buhari,the president of Nigeria has sent a supplementary appropriation bill for the 2015 fiscal year to the Nigerian Senate for approval.

The president, in a letter conveying his request, which was read Wednesday, during plenary, by the Senate President, Bukola Saraki, asked the Senate to grant his request to borrow the sum of N2.10 trillion to finance the budget.
He explained that the N882 billion loan earlier proposed by the past government to finance the budget had to be raised to N2.10 trillion, due to emerging realities in the country.
The source of the loan, according to the president, would be from both local and foreign.