Buhari Wants National Assembly To Approve $30billion Loan

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President-Muhammadu Buhari
President-Muhammadu Buhari

President Muhammadu Buhari has asked parliament to approve plans to borrow $30 billion abroad to fund infrastructure plans until 2018, according to a letter read out by the Senate president on Tuesday.

The borrowing plans included the sale of Eurobonds worth $4.5 billion and a planned budget support of $3.5 billion, the letter said.

President-Muhammadu Buhari
President-Muhammadu Buhari

 

source: Reuters

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