President Muhammadu Buhari has asked for the consent of the National Assembly to borrow $6.9bn  from Chinese Exim Bank for infrastructural development .

This was contained in a letter read by the senate president, Bukola Saraki at plenary on Wednesday.

He said $5.8bn would be borrowed from the Chinese Exim bank for the repair of the railway transport sector.

He added that $1.1b would be taken from the World Bank for the North East geopolitical zone and social security program.