August 21, 2018

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$29.9bn loan’ll rescue Nigeria from recession — Gbajabiamila

$29.9bn loan’ll rescue Nigeria from recession — Gbajabiamila

The Majority Leader of the House of Representatives, Femi Gbajabiamila, has applauded President Muhammadu Buhari’s external borrowing plan of $29.9bn for the execution of projects from 2016 to 2018, in the interest of Nigerians.

Gbajabiamila noted that borrowing to finance infrastructural projects will pull Nigeria out of recession. According to a statement issued on Saturday by his media aide, Olanrewaju Smart, Gbajabiamila said this during a grassroots empowerment programme in Lagos where he donated equipment to his constituents.

According to him, the House is looking into possible means of funding the projects in the 2016 budget, especially the borrowing plan of the Federal Government. Read more

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