President Muhammadu Buhari has asked the National Assembly to review and approve the 2016-2018 External Borrowing Plan of about $30bn.

 

He made the request in letters forwarded to the Legislature and read yesterday on the floors of both chambers of the National Assembly in Abuja.

 

In the letters, the President explained that the request was for specific outstanding projects under the 2016-2018 borrowing plan.

 

He explained that the Eighth National Assembly approved only a part of the External Borrowing request forwarded to it in September 2016.

 

Senate President, Ahmad Lawan read the letter to his colleagues.