Home | News | General | BREAKING: Senate approves Buhari’s request to borrow $5.5 billion to finance 2017 budget
Davido Shades AFRIMA After Winning 2 MTV EMA Awards
EFCC duped us – Real Ikoyi whistleblowers cry out, petition AGF

BREAKING: Senate approves Buhari’s request to borrow $5.5 billion to finance 2017 budget






The $5.5 billion loan request by President Muhammadu Buhari has been approved by the senate on Tuesday. Buhari in October had written to the Senate, asking for the approval of an External loan of $5.5 billion to enable the Federal government finance the 2017 budget.

Shehu Sani, Kaduna-APC presenting report of the Senate Committee on Local and Foreign Debts of the committee, said the projects listed for the loan would stimulate economic development and create direct and indirect jobs for Nigerians.

He added that the $2.5 billion will create more borrowing space for the private sector.

CLICK HERE TO READ MORE FROM: General Visit website


view more articles

About Article Author

Chuka (Webby) Aniemeka
Chuka (Webby) Aniemeka

Chuka is an experienced certified web developer with an extensive background in computer science and 18+ years in web design &development. His previous experience ranges from redesigning existing website to solving complex technical problems with object-oriented programming. Very experienced with Microsoft SQL Server, PHP and advanced JavaScript. He loves to travel and watch movies.

View More Articles
Loading...

100 Most Popular News

1 2 3 Displaying 1 - 100 of 278