10/05/2023
Few days to leave office, president Buhari seek approval to borrow $800m from world Bank.
Nigeria's President Muhammadu Buhari has asked the senate to approve a request to borrow $800 million from the World Bank.
Buhariโs request was presented in a letter read by Senate President Ahmad Lawan on the floor of the upper legislative chamber, the senate on Wednesday, May 10.
The president said the funds would be used as additional financing of the National Social Safety Net programme.
Buhari said if the request is approved, N5,000 will be transferred to about 60 million poor Nigerians which would stimulate the informal sector and improve health and education.
Photo credit: Muhammadu Buhari