$4bn, €710m loans: Buhari borrows to execute projects, assist Nigerians - Presidency gives breakdown

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President Muhammadu Buhari seeks foreign loans to fund projects and programmes Nigerians benefit from, the Presidency has said. In a statement on

President Muhammadu Buhari seeks foreign loans to fund projects and programmes Nigerians benefit from, the Presidency has said.

But Shehu explained that 15 projects, across the six geo-political zones, are to be financed with the anticipated funds from multilateral institutions, under the 2018-2021 medium-term external borrowing plan. The grant, which will be implemented by the Federal Ministry of Education and the Universal Basic Education Commission , will strengthen accountability for results in basic Education in Katsina, Oyo and Adamawa States.

The World Bank, he added, is financing the Nigeria Sustainable Water Supply, Sanitation and Hygiene project in Delta, Ekiti, Gombe, Kaduna, Katsina, Imo and Plateau States, for the next five years. Others include Abia, Nasarawa, Delta, Niger, Gombe, Imo, Enugu, Kogi, Anambra, Niger, Ebonyi, Cross River, Ondo, Kaduna, Kebbi, Jigawa, Bauchi, Ekiti, Ogun, Benue, Yobe and Kwara.

“The Value Chain Development Programme to be financed by IFAD and implemented in Anambra, Benue, Ebonyi, Niger, Ogun, Taraba, Nasarawa, Enugu and Kogi states will empower 100,000 farmers, including over 6,000 and 3,000 processors and traders respectively.

 

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Hear insult.. assist Nigerians? Chai

See his “assist” mouth. You and your cronies are busy mortgaging our collective future and you are here talking about paper projects and paper assistance.

Nigerians say no, we don't want na by force to construct rail line to Niger!

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