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President Muhammadu Buhari has asked the Senate to approve his request for obtaining a loan facility of $800m from World Bank to finance the National Safety Net Programme.
The president’s request was contained in a letter read by Senate President, Ahmad Lawan, at the plenary session on Wednesday.
Mr Buhari will hand over power to the president-elect, Bola Tinubu, on 29 May.
In the letter sent to the Senate, the president said the $800m loan facility is intended to be used to support poor Nigerians and will be disbursed to poor households across the country.
He claimed that the facility is an extension of the unconditional cash transfer being implemented by the federal government.
Peoplesmind
