Senate approves $500million request by President Buhari

 

   The Senate has approved the sum of $500million Euro bond meant to finance 2016 budget deficit.
The approval was after two hours of closed door session today.

    Moving the motion, Deputy Senate Leader, Bala Ibn N’allah explained that time was against the 2016 budget, adding that it would be disastrous for the nation to entertain further delay.
   He urged the Senate to set aside processes that will make it possible for prompt approval.
Deputy Senate President, Ike Ekweremadu who presided over the Committee put it up for vote and it was immediately approved.
   Meanwhile, the approval would enable President Muhammadu Buhari to source the amount from the Capital Market.