Reps approve Buhari’s $5.5 billion foreign loan request

The House of Representatives on Wednesday assented to the $5.513 billion foreign loan request by President Muhammadu Buhari.

This means all three loan requests by the president before the National Assembly have been passed by both Houses.

Another $22.7 billion foreign loan which was approved by the Senate in March was, last week, approved by the House of Representatives. Nigeria’s debt profile, as of September 30, 2019, was ₦26.2 trillion. Of this amount, total domestic debts is about ₦18 trillion, or 68.45 per cent. About ₦8 trillion are owed to foreign lenders.having raised it from the proposed N10.59 trillion to N10.8 trillion.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

PremiumTimesng /  🏆 3. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BREAKING: Reps pass revised budget, approve Buhari’s $5.5bn loan
Read more »

Seven Nigerians arrested for $5.2m scam in Vietnam
Read more »

Kogi Robbery: Reps ask Buhari, to deplore joint military task force to Kwara/Kogi border - Daily Post NigeriaThe House of Representatives has urged President Muhammadu Buhari to set up a security joint task force along the Kwara-Kogi border to prevent armed
Read more »

BREAKING: Reps pass revised budget, approve Buhari’s $5.5bn loan
Read more »

Senate Receives Buhari’s Request To Confirm Justice Monica Dongban-MensemSenate Receives Buhari’s Request To Confirm Justice Monica Dongban-Mensem
Read more »

Buhari writes Senate, seeks confirmation of Dongban-Mensem as President, Court of Appeal - Daily Post NigeriaPresident Muhammadu Buhari on Tuesday sought the confirmation of Monica Dongban-Mensem as the President of the Court of Appeal. Buhari’s request was
Read more »