Senate To AGoF: Sanction Officers Involved In $274.2m External Loan Losses
The Senate has asked the Accountant General of the Federation, Ahmed Idris, to identify and sanction his officers who were allegedly responsible for the $274.2m (N54.1bn) which Nigeria lost on external loans transaction.
The red...
Buhari Seeks Senate Approval For $6.183bn External Loan
President Muhammadu Buhari has sought the approval of the Senate for an external loan of 6.183 billion dollars, to fund the deficit of N5.602triillon in the 2021 Appropriation Act.
This is contained in a letter addressed to the...
Senate Approves FG’s Request For $1.5bn, €995m External Loans
The Senate yesterday gave the federal government the nod to borrow a total of $2.7 billion out of the $5.5 billion external borrowing request sent to the National Assembly by President Muhammadu Buhari in May last...
FG Requests Fresh $247.3m External Loan
The Federal Government will take another fresh external loan of $247.3m for the development of infrastructure, despite the country’s rising debt profile.
The Federal Executive Council made the approval at its sitting in Abuja on Wednesday.
It came just days after...
