Tuesday, October 10, 2017

President Buhari Writes Senate, Seeks Approval For $5.5bn External Loan

President Muhammadu Buhari has written the Senate to seek approval for external loan to the tune of $5.5 billion.

In a letter read by the Senate President, Bukola Saraki, the President explained that the fund will be channelled towards funding capital projects in the 2017 budget and refinancing maturing domestic debts.


  1. Will it sort out the mess in this country?

  2. So NNPC has $26 billion but the FG wants an external loan of $5.5billion.....this really confirms it, Nigeria is truly a failed state....smfh.....back to colonialism....y’all ain’t learned a damn thing yet