Nigeria is still struggling under the weight of increasing public debt stock which stood at N32.22 trillion as of September 30, 2020. The Nigerian President Muhammadu Buhari has successfully jumped the last hurdle for his government’s plan to borrow fresh $1.5 billion and €995 million. The Nigerian Senate on Wednesday approved the fresh external loans for the government. The red chamber okayed the foreign loans after considering the report of its committee on local and foreign debts during Wednesday’s plenary session. Clifford Ordia, chairman of the committee, told the…
Read MoreBuhari gets Nigeria’s Senate nod for fresh 1.5bn, €995m foreign loans
