Featured
Senate okays Buhari’s $22.7 billion loan request
TRACKING_____ Nigeria’s Senate on Thursday approved President Muhammadu Buhari’s plan to borrow $22.7 billion from external creditors to finance infrastructure projects.
The lawmakers after a closed-door session, which lasted about 45 minutes, approved the two-item recommendation of the Committee on Local and Foreign Loans, chaired by Senator Clifford Ordia.
The loan will be expected from the Islamic Development Bank, the African Development Bank, the World Bank and creditors in China, Japan and Germany.
Senate president Ahmad Lawan said that the loan would be spent on projects that would have an impact on the lives of Nigerians.
He also challenged the various committees of the red chamber to ensure strict oversight so that every dollar in the loan would be accounted for.
-
Politics6 days ago
PROPHESY TO PRESIDENT BOLA AHMED TINUBU ABOUT 2027
-
News6 days ago
Family, Friends Celebrate Jailed Former Deputy Senate President, Ike Ekweremadu’s Birthday
-
Business4 days ago
Nigeria’s Azikiel Refinery to Begin Operations in 2025
-
Business6 days ago
Baraza: Bribena pleads for understanding, highlights solutions to organization’s problems
-
Politics3 days ago
You Have a Few Days to go, Gov. Fubara Tells LGA Chairmen
-
Politics6 days ago
Fubara Swears-in Dagogo as Attorney-General, to Probe Wike’s 8 Years As Governor
-
Business6 days ago
Gunmen kidnap Dangote cement workers in Edo
-
Crime6 days ago
$2.5bn fraud: EFCC to collaborate with UK prosecutors in Diezani’s case