Buhari gets go ahead to borrow $5.8bn
Senate has approved the sum of $5.8bn and a grant component of N10 million USD under the 2018-2020 External Borrowing (Rolling) plan.
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Senate has approved the sum of $5.8bn and a grant component of N10 million USD under the 2018-2020 External Borrowing (Rolling) plan.
The Nigerian Senate on Wednesday in Abuja approved the sum of $5,803,364,553.50 USD and a grant component of N10 million USD under the 2018-2020 External
The approval followed the consideration of a report by the Committee on Local and Foreign Debts.
President Muhammadu Buhari had in a letter dated 6 May requested the Senate to consider and approve the Federal Government 2018 to 2020 External Borrowing (Rolling) plan.
The Debt Management Office (DMO) has provided justification for borrowings by the present administration According to Patience Oniha, director general |