ABUJA, June 2 (Reuters) - Nigeria's upper chamber of
parliament on Tuesday approved President Muhammadu Buhari's
request for $5.51 billion in external borrowing from
multilateral lenders.
The borrowing is part of a revised budget for 2020. The
revisions allow for the effects of the coronavirus pandemic and
a sharp drop in oil prices, which has dented Nigeria's spending
plans because oil sales make up 90% of its foreign exchange
earnings.