Nigeria Senate on Wednesday approved $16 billion and €1 billion loans request by President Muhammadu Buhari. The Senate also approved grant components of $125 million - which Buhari had requested the facilities in an addendum to the 2018-2020 borrowing plan in September. The World Bank, African Development Bank, and the French Development Agency are…
The Senate also approved grant components of $125 million – which Buhari had requested the facilities in an addendum to the 2018-2020 borrowing plan in September. Ordia said projects will result in a rebirth of commercial and engineering activities and the consequent tax revenues payable to Government as a result of these productive activities will increase.
“The committee notes that a good number of the projects in respect of which financing is being requested under the 2018-2020 external borrowing plan are mostly ongoing projects and programmes in respect of which external borrowed funds have been spent in the past, including loans and grants.”
You need money to make money. If we don't borrow we will be stagnant and being stagnant is declining
These 3 incompetent leaders are borrowing money while '42 Sokoto State Communities That Paid N67million In Taxes To Bandits'.
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