President Muhammadu Buhari has written to the House of Representatives to request for the approval of fresh external borrowings totalling $5.513bn.
This letter by Buhari was read by the Speaker of the House of Representatives, Femi Gbajabiamila, at the plenary on Thursday, May 28.
Buhari said the funds were for the 2020 budget deficit, financing of critical projects, and some states of the federation.
The President also presented a revised 2020 Appropriation Bill and 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.
The National Assembly had recently approved a loan of N850bn for the Federal Government; while another of $22.79bn, which the Senate has already approved, is pending before the House.
Meanwhile, Kano State Governor, Abdullahi Umar Ganduje, has finally announced the abolition of the Almajiri system of education in the state.
Also, the governor announced that the state has completed plans to enroll all Almajiris repatriated to Kano from other states, into the conventional educational system.
Ganduje confirmed this during the COVID-19 media briefing on Wednesday, May 27.
He said that more than 1,000 Almajiris had so far been repatriated to Kano State from other northern states.
Kano State, following the outbreak of COVID-19, recently quarantined about 2000 Almajiris.
The state task force on COVID-19 was yet to announce if some of them were positive.
However, the state government argued that with the current situation; it was necessary that the Almajiri system of education be abolished.
Ganduje further reassured that they would be handed over to the right persons in charge.
While he called on residents of the state to remain calm; he urged them to maintain all safety precautions to prevent further spread of coronavirus, which he said was reduced drastically.