Less than 20 days to hand over power, Buhari writes Senate, seeks fresh $800m loan

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Nigeria’s President, Muhammadu Buhari, on Wednesday, asked the Senate to approve a new borrowing request of $800 million.

Buhari made the request in a letter read by Senate President Ahmad Lawan at Tuesday’s plenary.

The president, in the letter, explained that the loan would be used to scale up the National Social Safety Net Programme.

He said the new borrowing would be sourced from the World Bank.

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