The Senate yesterday approved President Muhammadu Buhari’s $5.513 billion external loan request. Buhari Loan 2020Budget Nigeria
Giving a breakdown of the sources of the credit, the committee chairman, Senator Clifford Ordia , said the Federal Government would source $3,400,000,000 at a one per cent interest rate from the International Monetary Fund for Rapid Financing Instrument to finance the 2020 proposed revised budget and other projects.
Besides, the House of Representatives has directed MultiChoice Nigeria, the parent company of DSTV and GOTV, to suspend its 15 per cent hike in all bouquets on its networks, which took effect this Monday. Claiming that since the beginning of the pandemic, the South African firm had not rendered any humanitarian assistance to the most populous black nation, the lawmaker argued that the increase in tariff would subject the people to more hardship.
Besides, President Muhammadu Buhari has directed immediate security for telecommunications infrastructure nationwide.The Minister of Communications and Digital Economy, Isa Ali Pantami, who disclosed this in statement by his spokesperson, Mrs. Uwa Suleiman yesterday in Abuja, stated that the office of the National Security Adviser , Defence Headquarters , the Nigeria Police Force , Department of State Services and the Nigeria Security and Civil Defence Corps had been notified.
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