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JUST IN: Senate Approves Buhari’s $16bn, €1bn Loans Request

JUST IN: Senate Approves Buhari’s $16bn, €1bn Loans Request

The Senate on Wednesday has approved the sum of $16,230,077,718, €1,020,000,000 and a grant of $125,000,000 as foreign loans for the administration of the President, General Muhammadu Buhari (retd.), to sponsor its legacy projects. Information Guide Nigeria   

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House of Senate approved the issuance of €500,000,000 from the Bank of Industries and €750,000,000 Eurobond in the International Capital Market. THE PUNCH reports.

The House further asked the President to forward the terms and conditions of the loan from the funding agencies to the National Assembly. jamb results

The Senate gave the approval following the consideration of the report of its Committee on Local and Foreign Debts, chaired by Senator Clifford Ordia.

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Essien, Goodnews is a gruaduate of Communication Arts, University of Uyo, Uyo; Currently working at Infoguide Media as a news writer.

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