JUST IN: Osinbajo writes Senate, seeks approval for $1.5bn loan

Acting President Yemi Osinbajo on Tuesday asked the Senate to approve $1.5bn loan, which is part of the 2016-2018 External Borrowing Plan of the Federal Government.

The loan is meant for projects in 10 states.

Osinbajo request to the upper chamber was made known by Senate President, Bukola Saraki, in a letter he read on the floor of the House on Tuesday, June 6.