The Nigerian Senate has approved external loan for Federal Government on Wednesday. With the approval, President Mohammedu Buhari is empowered to borrow fresh $1.5 billion and another €995 million external loans. Check out Senators Salary in Nigeria with Allowances (Current) .
The President’s requests to secure loans were approved during the plenary following the consideration of the report by the Senate Committee on Local and Foreign Debts on the external borrowing plan of the Federal Government of Nigeria.
The report was presented by the Chairman of the Committee, Distinguished Senator Clifford Ordia.
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