Nigerian President, Muhammadu Buhari is seeking to borrow another $6.1billion from bilateral and multilateral organisations to fund the deficit in the country’s 2021 budget.

The president, in a letter to both chambers of the National Assembly on Tuesday, asked for their approval to take the fresh loan.

The Deputy Speaker of the House of Representatives, Idris Wase, read the letter from the president during the plenary of the House while the Senate President, Ahmad Lawan, read the letter during the plenary session of the Senate on Tuesday.