Senate Approves $5.5bn External Loans Request

The Nigerian Senate has approved two external loans requestsof $5.5bn by the executive.

President Muhammadu Buhari, in his letter to the Senate, in October said the two loan requests were included in the 2017 budget. The inclusion was the deficit of N2.356tn and provision for new borrowings of N2.321tn.

Details later…

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