FG To Borrow ₦25.5 Billion To Provide Solar Power For National Assembly

The federal government is to borrow N25.5bn ($62.1m) to construct 17MW hybrid solar power infrastructure for the National Assembly. The loan is part of President Muhammadu Buhari’s N7.6trn external borrowing request approved by the Senate Wednesday. The chairman of the Senate Committee on Local and Foreign Debts, Senator Clifford Ordia, said his panel found that of the $22.8bn approved by the National Assembly under the 2016-2018 External Borrowing Plan, only $2.8bn, representing 10 per cent, had been disbursed to Nigeria. The committee, in its report, listed various proposed projects to be financed by the loans. The $62.1m loans earmarked for

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