The federal government has said the $22.7 billion requested by President Muhammadu Buhari in the External Borrowing Plan (2016 to 2018) would be invested in Infrastructure development and not consumption.
Minister of Works and Housing, Babatunde Fashola, Minister of Finance, Zaynab Ahmed and Minister of State, Transport, Gbemisola Saraki, made this known in a public hearing before the joint house committees on Tuesday.
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