President Muhammadu Buhari is seeking approval of his decision to borrow another $5.513bn and has sent a letter to the House of Representatives.
Buhari said the funds were for 2020 budget deficit, financing of critical projects, and some states of the federation.
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The letter was read on the floor of the House by the Speaker, Femi Gbajabiamila, at the plenary on Thursday.
The National Assembly had recently approved a loan of N850bn for the Federal Government, while another of $22.79bn, which the Senate has already approved, is pending before the House.
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