World News

Wednesday, April 26, 2017

President Buhari Request NASS Approval of $6.9b Loan


President Muhammadu Buhari has requested for the approval of the National Assembly to borrow $6.9b for infrastructural development. 

Buhari in a letter read by the Senate President, Bukola Saraki said $5.8bn would be borrowed from the Chinese Exim bank for the repair of the railway transport sector. 

He said $1.1b would be taken from the World Bank for the North East geopolitical zone and social security program of his administration.

By Ismail Mudashir