In a letter read in plenary session by the Senate President,
Bukola Saraki and the Speaker, Yakubu Dogara at the National Assembly, Abuja,
President Muhammadu Buhari has sent a request to the National Assembly seeking
approval for another tranche of a $200 million World Bank loan for Lagos State.
The World Bank in 2010 had offered a development police
operation facility worth $600 million to the state, to be operated in three
tranches of $200 million per annum.
In a separate letter, President Buhari also sought the
legislature’s approval to raise Nigeria’s proposed diaspora bond to $300
million, from the initial $100 million. According to the president, the raise is needed to
accommodate the “huge amount of capital” required to bridge the infrastructure
gap in the country.
Source
ChannelsTV
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