Buhari writes Reps, seeks $5.5bn loan for COVID-19, Other projects

President Muhammadu Buhari has asked the house of representatives to approve a loan of $5.5 billion.

In a letter read during Thursday’s plenary session by Femi Gbajabiamila, the speaker, Buhari said the funds will be used for the federal government’s priority projects and to support the response to the COVID-19 pandemic.

He also said part of it will be used to fund the revised 2020 budget, and to support the state governments.

Details later…