Nigeria: Tinubu Seeks National Assembly's Approval to Borrow $7 Billion, €100 Million

is seeking the approval of the National Assembly to go ahead with the processing of a loan facility of $7,864,508,559 and €100 million requested during the administration of former President Muhammadu Buhari under the 2022 - 2024 external borrowing plan.

He did not, however, state where the loan will be obtained from, though he said the African Development Bank and the World Bank Group have indicated interest in assisting the country in mitigating the economic shores and recent reforms with a sum of $1 billion and $2 billion respectively. "The project cuts across all sectors with specific emphasis on infrastructure, agriculture, health, education, water supply, security and employment as well as financial management reforms, among others.There was a problem processing your submission. Please try again later.

He said all the projects will be implemented across the 36 states including the Federal Capital Territory.

Source: Education Headlines (educationheadlines.net)

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