Update!!!‘How National Assembly had advised Buhari to take foreign loan’

President Muhammadu Buhari’s decision to take $29bn foreign loan was influenced by an advice given to him by the National Assembly, Daily Trust reports.

According to the news platform, the two chambers of the legislature had advised Buhari to secure the loan in October.

It was learnt that a letter containing the legislator’s recommendations with the loan request as sixth on the list was signed by Senate President, Bukola Saraki.


It was also gathered that the letter titled ‘Resolutions of the National Assembly on the State of the Economy’ was dated October 12, 2016.

The National Assembly in the letter urged the President to secure a foreign loan to cover deficits of the 2016 budget.