The Senate on Wednesday November 10, 2021, approved fresh loans request for President Muhammadu Buhari.
The senate during plenary on Wenesday approved the sum of $16,230,077,718, €1,020,000,000 and a grant of $125,000,000 as foreign loans for the federal government to fund its legacy projects.
The upper chamber of the Senate approved the issuance of €500,000,000 from the Bank of Industries and €750,000,000 Eurobond in the International Capital Market.
The loan approval was granted by the Senate after full consideration of the report of its Committee on Local and Foreign Debts.
