Reps approve Buhari’s $22.7b loan request

Ads

Reps approve Buhari’s $22.7b loan request
4Shares

Reps approve Buhari’s $22.7b loan request

The House of Representatives has approved the request of President Muhammadu Buhari to take $22.7 billion in foreign loan.

After due consideration of a report by the house committee on aids, loans and debt management on Tuesday June 2, the request was approved by the lawmakers.

It can be recalled that this particular request was up for debate as some lawmakers from the South East were against granting the request. Their reason was that the Federal government has failed to include projects in the region among those to be financed from the loan.

In his reply, President Buhari said that the loan will be used to fund infrastructural development across the country, which sped up the approval of the request.

OMOKOSHABAN
READ ALSO  See why Guinness Book of World Records featured Tacha

Want To Support Us By Donating Click Here

4Shares

ads

Be the first to comment

Leave a Reply