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Home News General News Reps Approve Buhari’s $5.5bn Loan Request, Pass Revised 2020 Budget

Reps Approve Buhari’s $5.5bn Loan Request, Pass Revised 2020 Budget

The revised 2020 Appropriation Bill, which raised the national budget from the proposed N10.5tn to N10.805tn has been passed by the House of Representatives.

Reps Approve Buhari’s $5.5bn Loan Request, Pass Revised 2020 Budget

The House also approved the request by President, Muhammadu Buhari for the Federal Government to obtain external loans totalling $5,513,000000

The lawmakers added additional N4bn to the earlier recommendations of Committees on Appropriations and Finance, who recommended N10,801,544,664,642.

The added amount was for the welfare of members of the National Association of Resident Doctors who have threatened strike action

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