BREAKING: Buhari Writes Senate, Seeks Approval For Fresh $4bn, €710m Loans

  President Muhammadu Buhari has asked the Senate to approve $4 billion and €710 million external loans. This is contained in a letter addressed to Senate President Ahmad Lawan, and read at plenary, on Tuesday. Buhari said the proposed loan is to be financed through sovereign loans from the World Bank, French Development Agency, EXIM Bank and IFAD. He said the loan would enable the Federal Government fund critical infrastructural projects in different sectors. The letter reads: “I write on the above subject and submit the attached addendum to the proposed 2018-2020 external rolling borrowing plan for the consideration and

By |September 14th, 2021|Categories: News|Tags: , , |0 Comments
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