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Buhari seeks Senate approval for $800m loan

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The President, Major General Muhammadu Buhari (retd), on Wednesday, sought Senate approval for an $800 million loan to finance the National Social Safety Network Programme.

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The request was contained in a letter read by the President of the Senate, Ahmad Lawan, to lawmakers on the floor of the Senate. “The Senate may wish to note that the programme is intended to expand coverage of shock responsive safety net support among the poor and vulnerable Nigerians. This will assist them in coping with the costs of meeting basic needs.

“The NASSP being a social intervention programme will stimulate activities in the informal sector, improve nutrition, health, education and human capital development of beneficiary households.”

 

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Buhari seeks Senate approval for $800m loanPresident Muhammadu Buhari asked the Senate on Wednesday to approve an $800 million loan to finance the National Social Safety Network Programme, NSSP.
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