Nigerian Senate approves $1.5billion and another €995million external loans


The Nigerian Senate on Wednesday, approved the request by the federal government to borrow fresh $1.5billion and another €995million external loans.

The loan requests were approved during the plenary following the consideration of the report by the Senate Committee on Local and Foreign Debts on the external borrowing plan of the Federal Government.

The report was presented by the Chairman of the Committee, Senator Clifford Ordia.

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