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.

4 comments:

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

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  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

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