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President Muhammadu Buhari who requested approval to get a N850 billion to fund some projects in the 2020 budget has received a response from the senate.

He made the request in a letter read by the Senate President, Ahmad Lawan, on Tuesday on the floor of the upper chamber of the National Assembly in Abuja.

According to the letter, President Buhari sought to raise the loan from the domestic capital market to ensure adequate funds to finance projects in the budget.

After the letter was read, the lawmakers gave accelerated approval to the President’s request to raise the loan.

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