Nigeria: FG Approves U.S.$403 Million Loans for APC States

26 February 2015

Abuja — The Federal Executive Council gave the go head to President Goodluck Jonathan's anticipatory approval of different foreign loans totaling about $403million for Lagos, Rivers, Ogun and Osun States among others.

This was in addition to $1.2billion multi-donor credits approved for the establishment of the proposed Development Bank of Nigeria.

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