General

Reps approve Buhari’s $22.7 billion loan request

The loans are to be sourced from the World Bank, Islamic Development Bank, China Exim bank, Chinese Africa Development Fund, and International Fund for Agricultural Development.

In approving the loan, the House urged that the terms and conditions of the loan from the funding agencies be forwarded to the National Assembly for proper execution and commendation.

The loan is part of the Federal Government’s 2018-2020 external borrowing plan.

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