President Muhammadu
Buhari, has sent a supplementary appropriation bill for the 2015 fiscal year to
the Senate for approval.
The
president, in a letter conveying his request, which was read Wednesday, during
plenary, by the Senate President, Bukola Saraki, asked the Senate to grant his
request to borrow the sum of N2.10 trillion to finance the budget.
He
explained that the N882 billion loan earlier proposed by the past government to
finance the budget had to be raised to N2.10 trillion, due to emerging
realities in the country.
The
source of the loan, according to the president, would be from both local and
foreign.
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