President Muhammadu Buhari, on Thursday, sent a letter to the House of Representatives seeking approval of his decision to borrow another $5.513 billion.
The letter was read on the floor of the House by Speaker Femi Gbajabiamila, at the plenary, on Thursday.
President Buhari said the funds were for 2020 budget deficit, financing of critical projects, and some states of the federation.
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The President also presented a revised 2020 Appropriation Bill and 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.
The National Assembly had recently approved a loan of N850bn for the Federal Government, while another of $22.79bn, which the Senate has already approved, is pending before the House.
