Like Senate, Reps approve Buhari’s request for $22.7bn foreign loan

The House of Representatives on Tuesday approved President Muhammadu Buhari’s request for $22.7 billion in foreign loans.

The House approved the request after the lawmakers adopted the report of House Committee on Aids, Loans, and Debt Management at the plenary.

President Buhari had earlier this year forwarded the loan request to the two chambers of the National Assembly for approval.

READ ALSO: Reps approve N9.4bn for completion of Customs HQ, to monitor revenue generation

The loan, according to him, would be used to fund infrastructural projects across the country

The Senate approved the request in March.

However, some lawmakers from the South East had kicked against the request over the federal government’s alleged failure to include projects in the region among those to be financed from the loan.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now