Buhari requests Senate approval for $800m World Bank loan

President Muhammadu Buhari has requested Senate’s approval for a $800 million loan from the World Bank.

The president made the request in a letter read by the Senate President, Ahmed Lawan, at the plenary on Wednesday.

Buhari’s request came a few days after the upper legislative chamber approved the Federal Government’s bid for restructuring of the N22.7 trillion “ways and means” advances from the Central Bank of Nigeria (CBN).