President Muhammadu Buhari has gotten an approval from the House of Representatives to obtain a N850bn loan to fund the 2020 budget.
The House of Representatives approved the loan at the plenary session on Tuesday.
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Amidst controversies, the Senate had clarified that the N850 billion loan requested by the President was not a fresh loan request.
According to a statement by Senate’s spokesman, the upper house chamber merely amended its resolution on the request that it had earlier approved.
There were reports that President Buhari requested a fresh loan of N850 billion which was approved by the Senate on Tuesday.
However, Ajibola Basiru, senate spokesman, said that “It is very important to make a very important clarification particularly as the widely circulated erroneous report that the Senate approved a fresh loan of N850 billion at the Plenary on Tuesday,”
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