The Senate onnTuesday approved the request by President Muhammadu to secure a fresh loan of N850 billion to fund some projects in the 2020 budget.
The Senate who had reconvened after COVID-19 induced five-week break gave accelerated consideration to the request and granted it expeditiously.
Buhari had made the request in a letter read by the Senate President, Ahmad Lawan, on Tuesday on the floor of the upper chamber of the National Assembly in Abuja.
Buhari in the letter seeks to raise the loan from the domestic capital market to ensure adequate funds to finance projects in the budget.
The Senators asked the Senate Committees on Finance and Appropriation to liaise with the Minister of Finance, Budget, and National Planning, Zainab Ahmed, to get more details on the loan request.
The lawmakers had gone on break since March as part of measures to curb the spread of coronavirus (COVID-19) in the country.
At the resumed plenary, the Senate President welcomed his colleagues and gave the reason for the resumption of plenary amid the rising cases of COVID-19 in Nigeria.
He explained that the decision was to help sustain solutions to the health crisis and ensure the crisis does not create more problems for the government and its people.
Senator Lawan stated that the pandemic has affected the 2020 budget and the National Assembly has a responsibility to work with the Executive to address the problem.
Meanwhile, the Senate Leader, Senator Abdullahi Yahaya, has moved a motion to suspend Order 11 to enable senators to speak from seats not belonging to them.
He explained that this was to enable the lawmaker to comply with social distancing, which was part of the measures to check the spread of COVID-19.
