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Nigeria: Senate Approves Buhari's $5.5 Billion Foreign Loan Request
Premium Times, 14 November 2017
The Senate on Tuesday approved a $5.5 billion external loan request by President Muhammadu Buhari. Read more »
President Muhammadu Buhari has asked the National Assembly to approve two external loans worth U.S.$5.5 billion. The president had explained that the bonds would be channelled towards funding the 2017 budget while the loan would be used in refinancing maturing domestic debts.
(file photo).
Kemi Adeosun, Minister of Finance, has said that Nigerians need to tolerate the recurring borrowing and negotiations as they are temporary and aimed at delivering the rail system, ... Read more »
Minister of Finance Kemi Adeosun has revealed that U.S.$3 billion of the U.S.$5.5 billion, which it plans to raise from the international financial market, will be used to ... Read more »
U.S.$5.5 Billion - an additional amount President Muhammadu Buhari wants to borrow for further infrastructure development that includes the Mambilla Hydropower Project and the ... Read more »
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