• Why we are borrowing N9.61trn, biggest loan in Nigerian history – FG explains

    Why we are borrowing N9.61trn, biggest loan in Nigerian history – FG explains

    According to reports, the federal government has explained why it wants to take a $30.54 billion (about N9.61 trillion) loan, which is believed to be the biggest single external loan request by any government in recent history.

    President Muhammadu Buhari, who on Tuesday requested the National Assembly’s accelerated approval of the borrowing plan, said it would include a $575 million World Bank loan.

    The total loan will fund a number of key projects in the country, he said.

    The projects cut across key […]