President Muhammadu Buhari has requested for Senate’s approval to issue promissory notes totaling over N402 billion.
The amount was contained in separate letters of request from the President read by Senate President Ahmad Lawan at plenary.
In the first letter read by Lawan, Buhari requested for N375billion to settle outstanding claims owed various exporters.
Other similar debts repayment requests to be routed through the Debt Management Office (DMO), are N6.706billion for Kebbi State Government as refund for the construction of a federal road in the State and N2.706billion for Taraba State Government for constructing a federal roads as well.
Buhari in another request read by Lawan, also sought for approval to issue N18.623billion to pay the Yobe State Government.
The President in the letter, said payment of N18.623 billion to the Yobe State Government through the DMO, will help the state to offset all monies expended on execution of five different federal road projects in the state.
The President called for expeditious consideration of the requests.
Meanwhile, in another communication to the Senate, the President sought for confirmation of the nomination of Mohamed Sabo Lamido, for appointment the Executive Commissioner, Finance and Accounts of the Board of Upstream Regulatory Commission.
Lamido’s nomination for appointment, according to the President was necessitated by the death of Hassan Gambo who hitherto served in that capacity.
