N2.343trn new borrowing request captured in 2021 budget 

N2.343trn new borrowing request captured in 2021 budget – DMO | N


By Kadiri Abdulrahman
Abuja, May 18, 2021 The Debt Management Office (DMO) said President Muhammadu Buhari’s request for N2.343 trillion new borrowing was already captured in the 2021 budget
The DMO made the clarification in tweets on Tuesday following Buhari’s request to the National Assembly to approve the new borrowing to fund critical capital projects in the 2021 budget.
Naija247news reports that Senate President Ahmed Lawal presented Buhari ‘s request to the senators at plenary on Tuesday.
DMO explained that proceeds of the loan were to be deployed to capital projects in various sectors of the economy.
“President Muhammadu Buhari has recently written a letter to the National Assembly requesting for the approval, by resolution of N2.343 trillion new external capital raising.

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