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Senate approves Buhari’s $5.5bn loan request

The $5.5 billion loan request presented by the President, Muhammadu Buhari has been approved by the Senate.

The approval comes after a consideration of the report of the committee on local and foreign debts, which was laid by Senator Shehu Sani on Tuesday.

The President had requested the issuance of $2.5 billion to finance the 2017 Appropriation Act and $3.0 billion to refinance Nigeria’s domestic debts.

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