Buhari gives strong reason as he writes Senate, seeks approval to borrow $800m from World Bank

  • President Muhammadu Buhari on Wednesday, May 10, wrote to the Senate, asking the lawmakers to approve a new loan request of $800million
  • Senate President, Ahmad Lawan, confirmed the development and disclosed that the loan would be utilized to scale up the National Social Safety Net Programme
  • Meanwhile, the loan Buhari is requesting, would be sourced from the World Bank, Lawan further confirmed

A few weeks before the end of his second term in office, President Muhammadu Buhari on Wednesday, May 10, 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.