Buhari Writes National Assembly Again, Seeks Approval To Borrow $5.851B Foreign Loan


​President Muhammadu Buhari has again written to the National Assembly, seeking the approval to borrow $5.851bn for the upgrade of various sections of the Nigerian railway.

This was contained in a letter to the leadership of the National Assembly, Senator Bukola Saraki and Yakubu Dogara. Reading the letter during plenary on Wednesday, Dogara quoted the President as pleading with lawmakers to approve the loan on time.

Buhari said the timely approval will enable the country access the China-African fund provided for in the 2016-2018 external borrowing plan.

According to Buhari, the project form part of the overall plan to resuscitate the rail transport across the country and drive economic growth.

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