Posted 12/30/2023, 8:57:15 PM
Senate Approves $7.8B and €100M Borrowing to Fund Key Sectors Amid Economic Challenges
- Senate approves $7.8 billion and €100 million borrowing request from President Tinubu
- Funds to finance health, education, infrastructure, agriculture, security, and other sectors
- Loan aims to bridge financial gap and restore economic stability
- Senate approves request to securitize CBN's ₦7.3 trillion Ways and Means advances
- Securitization to reduce debt costs, extend repayment period, and lower budget deficit