Senate Puts FGβs Borrowing Request At $22.6bn
February 3, 2020
11:06 am
The Chairman Senate Committee on Finance, Senator Solomon Adeola, has put the federal governmentβs external loan request before the National Assembly at $22.6 billion and not the $29.96 billion in public domain.
Adeola also said the external loan is tied to the completion of critical projects like the Second Niger Bridge, the East-West Road, Lagos-Ibadan Expressway, Mambila Power project and the Kaduna-Abuja Highway.
He added that the Senate would investigate losses in the name of under-recoveries allegedly being incurred by the Nigerian National Petroleum Corporation (NNPC) in the importation of fuel.
Adeola, told reporters yesterday in Abuja that the …
