Buhari Seeks National Assembly Approval For $6.9b Loan

President Muhammadu Buhari

Buhari, in a letter read by the Senate President, Bukola Saraki, said $5.8bn would be borrowed from the Chinese Exim bank for the repair of the railway transport sector.

President Muhammadu Buhari has requested for the approval of the National Assembly to borrow $6.9b for infrastructural development. 

Buhari, in a letter read by the Senate President, Bukola Saraki, said $5.8bn would be borrowed from the Chinese Exim bank for the repair of the railway transport sector. 

He said $1.1b would be taken from the World Bank for the North East geopolitical zone and social security program of his administration.