The President of Nigeria in the person of Muhammadu Buhari has requested the Senate to approve another N2.3trillion ($6.18bn) external loan.
This request was contained in a letter addressed to the Senate President, Ahmad Lawan.
On Tuesday, The letter was read at plenary.
Explaining reasons for the proposed loan, President Buhari stated that the proposed loan which is equivalent to N2.3trillion is to finance the 2021 budget deficit of N5.6 trillion.
He expressed that the loan would enable the Federal Government to fund critical infrastructural projects in transportation, health, and education among others.
Meanwhile, In the course to put to an end the menace of insecurity in the country, All is set for the official launch of a new security operation in the South East by Mr. Usman Baba the Inspector General of Police, in Enugu.
‘Operation Restore Peace’, The security operation codenamed is believed to be part of federal efforts to address the worsening security situation in the zone.
On Tuesday last week, President Muhammadu Buhari had approved new security measures specifically targeted at the South East and South-South regions of the country.
The details of the meeting which was attended by heads of security agencies in the country were not made public.
LAGOS HIGHWAY: Transport Union Clamps Down On Motorcyclists
The South East has witnessed an unprecedented number of security breaches, including the murder of security personnel, attacks on police stations, checkpoints, and other public infrastructure in the region.
Post Disclaimer
The opinions, beliefs and viewpoints expressed by the author and forum participants on this website do not necessarily reflect the opinions, beliefs and viewpoints of Anaedo Online or official policies of the Anaedo Online.
