The $5.5 billion loan request presented by the President, Muhammadu
Buhari has been approved by the Senate.
The approval comes after a consideration of the report of
the committee on local and foreign debts, which was laid by Senator Shehu Sani
on Tuesday.
The President had requested the issuance of $2.5 billion to
finance the 2017 Appropriation Act and $3.0 billion to refinance Nigeria’s
domestic debts.
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