President Muhammadu Buhari has formally written to the National Assembly, seeking its approval to borrow over $12 billion loan.
President of the Senate, Bukola Saraki, while reading the letter on Wednesday, which was addressed to him by President Buhari, said the amount will be from the Chinese Nexim Bank and World Bank.
In the letter, Buhari said it will be for repair of railway transportation across the country, as well as for the rehabilitation of the North-East zone and other social security programmes.
Details later….
RipplesNigeria ….without borders, without fears
Click here to download the Ripples Nigeria App for latest updates
We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com
www.ripplesnigeria.com
Latest posts by Ripples Nigeria (see all)
- QuickRead: Buhari sits as judge. Four other stories we tracked and why they matter - January 17, 2021
- US States beef up security against possible violence ahead of Biden’s inauguration - January 17, 2021
- Death toll from Indonesia earthquake hits 56, as rescue operatives search for more bodies - January 17, 2021
