• Why Senate should approve Buhari’s $30.5bn loan request – DMO boss shares reasons

    Why Senate should approve Buhari’s $30.5bn loan request – DMO boss shares reasons

    According to reports, the Senate should approve President Muhammadu Buhari’s request for authorisation to borrow $30 billion (about N9.61 trillion), and should do so quickly, the Director-General, Debt Management Office, Abraham Nwankwo, has said.

    The Senate turned down the president’s request on Tuesday, asking for all relevant documents to be submitted.

    But, Mr. Nwankwo, who spoke on a Channels TV guest programme, said the loan was so important and the government needed to take advantage of the soft terms of the loans […]