Senate Approves Presidential Loan Request

The Senate has approved Presidential request of external loan of 1.5 Billion United States Dollars and 995 Million Euros.

The approval followed the consideration of Senate Committee on Local and Foreign debts which recommended that the legislators do approve the loans to assist states fiscal transparency and sustainability programmes to provide fiscal support to states, action recovery and economic stimulus programme and for enhanced mechanisation of Agriculture.

It also passed the 2021 budget of the Nigerian Customs service of 257 billion Naira and 1.6 Trillion as targeted revenue for the fiscal year.
During the budget deliberation President of the Senate Ahmad Lawan directed that the Senate  committee on Customs, Excise and Tariffs intensify it’s oversight on the Nigerian Customs.

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