Musics

Videos

News

Entertainment
PROMOTE MUSIC
ADVERTISE WITH US




Photo of 3 cats
Naija
Photo of 3 cats
Ghana
Photo of 3 cats
S. Africa
Photo of 3 cats
America





Senate approves FG request for $1.5bn, €995m external loans | The Guardian Nigeria News – Nigeria and World News

W3Schools

Nigerian Senate has approved the sums of $1.5 billion and €995 million external loans for the federal and state governments.

The red chambers gave the approval after considering the report of its Committee on Local and Foreign Debts on the external borrowing plan of the Federal Government.

Chairman of the committee, Clifford Ordia, told the lawmakers that the panel had considered the loan request and was recommending its approval.

The €995m loan is meant for agricultural mechanisation across the 774 LGAs while the $1.5 billion loans will be used to fund critical infrastructure in the aftermath of the COVID-19 pandemic across the 36 states and the federal capital territory.

The loan is to be facilitated by the International Monetary Fund (IMF), World Bank, African Development Bank Group (AFDB), and Export/Import Bank of Brazil.

 

Leave a Comment


Share this post with your Friends on



No Comments Yet

Leave a Reply


NOTE:- After Commenting, please wait few Minutes to get your Comment Approved!..


Pages: