Tinubu Seeks Approval for $800m Loan Requested By Buhari From... PremiumTimesng: Nigeria
President Bola Tinubu has asked the Senate to permit his administration to go ahead with the processing of a $800m loan facility from the World Bank requested by the administration of former President Muhammadu Buhari to finance the National Safety Net Programme.
About two weeks before the end of his administration in May, Mr Buhari requested the approval of the Senate to obtain a loan facility of $800m from the World Bank to be distributed to poor and vulnerable households. In the letter, Mr Tinubu noted that the reason for obtaining the loan facility is to"expand coverage of shock responsive safety net support for all and vulnerable Nigerians" and"to meet the cost of their basic needs."
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