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Nigeria-Press-Review
May 19, 2021
to
10:12
151
APA – Lagos (Nigeria)
The request made by President Muhammadu Buhari to the National Assembly for approval to borrow fresh $6.183 billion to fund the 2021 budget deficit of N5.602 trillion dominates the headlines of Nigerian newspapers on Wednesday.
The Guardian reports that President Muhammadu Buhari, yesterday, wrote the National Assembly for approval to borrow fresh $6.183 billion (N2.343 trillion) to fund the 2021 budget deficit of N5.602 trillion.
Titled “Request for the resolution of the National Assembly to the implementation of the new external borrowing of N2.343 trillion, which is about $6.183 billion in the 2021 appropriation Act” and addressed to the Speaker of House of Representatives, Femi Gbajabiamila, the President explained that the fund would be sourced from multiple avenues, inclu ....

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