Buhari writes National Assembly for additional $500m Eurobond

Buhari writes National Assembly for additional $500m Eurobond


President Muhammadu Buhari has written to the National Assembly seeking for another $500 million Eurobond to finance capital projects in the 2016 Budget.

This was revealed on Wednesday during the Senate plenary.

Senate had earlier in the year approved a $1 billion Eurobond requested by Buhari, also for the financing of the 2016 Budget.

Vice President Yemi Osinbajo, had requested for the same amount while Buhari was away on vacation.

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