Reps approve Buhari’s $5.8 billion loan request
The House of Representatives has approved President Muhammadu Buhari’s loan request of $5.8 billion.
The approval followed the adoption of the report of the House Committee on Aids, Loans and Debt Management on Tuesday in Abuja.
Presenting the report, Ahmed Safana, the committee chairman said the loan was part of the federal government’s 2018-2020 external borrowing plan.
He said the loan would be sourced from financial institutions like the World Bank, the Islamic Development Bank, China Exim bank, Chinese Africa Development Fund and International Fund for Agricultural Development.
“I hereby move that the house do consider final report of the Committee on Aids, Loans and Debt Management on the 2018–2020 External Borrowing (Rolling) Plan,” he said.
The House while approving the request, asked that the terms and conditions of the loan from the funding agencies be forwarded to the National Assembly for proper scrutiny.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
Orphanage owners advocate clinics for unwanted pregnancies
“Instead of a section of society stigmatising these young girls, we need to educate and assist them.’’
World
North Macedonia nationalist wins first round of presidential poll
The president in North Macedonia primarily has protocol powers.
Health
Nigeria, 15 other countries get $36.5 million to eliminate trachoma
Ms Shu’aibu said the funding was under the organisation’s “Accelerate Programme” to end the disease by 2027.
Agriculture
AfDB, BUK partner on climate adaption, entrepreneurship to boost food security
Ms Dunford stated that agriculture needed to be transformed to provide food security.
Health
Chinese expert recommends Tai Chi treatment for health challenges
“Tai Chi is crucial for older people as it offers numerous benefits.’’
NationWide
Over half of world risk mosquito-borne diseases, say scientists
The UK health security agency said there were 2,004 cases of malaria confirmed in England, Wales and Northern Ireland in 2023.