Buhari Seeks National Assembly Approval For $6.9b Loan

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President Muhammadu Buhari has requested for the approval of the National Assembly to borrow $6.9b for infrastructural development. 

Buhari, in a letter read by the Senate President, Bukola Saraki, said $5.8bn would be borrowed from the Chinese Exim bank for the repair of the railway transport sector. 

He said $1.1b would be taken from the World Bank for the North East geopolitical zone and social security program of his administration.


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