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Acting President Osinbajo Writes Senate, Seeks Approval for $1.5bn Loan

Farouk Mohammed
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Farouk Mohammed
Published: 2017/06/06
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Acting President Yemi Osinbajo on Tuesday asked the Senate to approve $1.5bn loan, which is part of the 2016-2018 External Borrowing Plan of the Federal Government.

The loan is meant for projects in 10 states.

Osinbajo request to the upper chamber was made known by Senate President, Bukola Saraki, in a letter he read on the floor of the House on Tuesday, June 6.

SP @bukolasaraki reads a letter from Ag.Pres. @ProfOsinbajo seeking Senate approval of External borrowing plan(2016-2018) as approved by FEC

— The Nigerian Senate (@NGRSenate) June 6, 2017

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Farouk Mohammed

Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and development. He has over a decade of experience in journalism and international media, with a strong focus on geopolitics, conflict reporting, human rights, and the global digital economy.

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ByFarouk Mohammed
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Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and development. He has over a decade of experience in journalism and international media, with a strong focus on geopolitics, conflict reporting, human rights, and the global digital economy.
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