Confused Buhari Seeks Debt Relief While Seeking to Borrow Another $6.1Bn 0 likes 0 comments
President Muhammadu Buhari on Tuesday in Paris, France, called on European countries and global financial institutions to consider debt relief for African countries. He said this would assist in reducing the devastating effect of the Coronavirus pandemic on the countries. The proposition by President Muhammadu Buhari seems rather ironic as the President has written to the Senate to approve the borrowing another $6.1billion from bilateral and multilateral organisations to fund the deficit in the 2021 budget. The President of the Senate, Ahmad Lawan, read the letter during the plenary session of the upper legislative chamber on Tuesday.