The Senate has approved the N850bn loan request of President Muhammadu Buhari. The president had sought the Senate’s approval for the loan to fund some projects in the 2020 budget. He made the request in a letter read on Tuesday by Senate President Ahmad Lawan, during plenary. Buhari sought to raise the loan from the Domestic Capital Market to finance critical projects and programmes in the 2020 budget. He said the recent developments in the global economic environment occasioned by coronavirus and decline in international oil prices had made it less attractive to borrow from the International Capital Markets. Buhari said the conditions in the Domestic Capital Market were favourable in terms of availability of funds and relatively low-interest rates. The letter read in part, “To ensure that there are adequate funds to finance critical projects and programmes in the 2020 Budget, I hereby seek the Senate’s approval, by Resolution, to raise the N850bn of New External Borrowing...
According to Lagos State Minister Of health, Professor Abayomi announce that, #COVID19Lagos Update as at 29th April, 2020 87 new #COVID19 cases were confirmed in Lagos on April 29, 2020. The total number of confirmed cases in Lagos is now 947. The good news is that 49 additional #COVID19 survivors have been discharged following their full recovery. The total number of discharged patients in Lagos now stands at 187 We regret to announce additional #COVID19 related death involving a 25year old male who at the time of admission was in a state of severe breathlessness. Total number of #COVID19 related deaths in Lagos is now 20. I again urge Lagos residents to remain committed to observing necessary precautionary measures to stop #COVID19 infection. Let's be vigilant and report any concern about #COVID19 infection in our communities.
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