The Senate on Wednesday approved President Muhammadu Buhari's request to borrow N2,343,387,942,848, to part-finance the 2021 federal budget size of N13trn. The Senate resolution follows the approval of its Committee on Local and Foreign Loans as presented by the Chairman, Clifford Ordia. The Committee recommended that the Senate approves Buhari’s request for the issuance of $3,000,000,000 but not more than $6,183,081,643.40 Eurobond in the International Capital Market. The External Borrowing of N2,343,387,942,848, according to the panel, should be for the financing of part of the deficit authorised in the 2021 Appropriation Act. The...