Nigeria’s debt profile is set to shoot up further as President Muhammadu Buhari has again, requested from the Senate, the approval of another $6.183billion (N2.343trillion) external loan.
The president says the federal government intends to use the loan to finance the N5.6 trillion 2021 budget deficit, as it looks to
execute crucial infrastructural projects bordering on transportation, health, education, etc, Nation reports.
The letter of request for the loan from President Buhari was read out by the Senate President Ahmed Lawan during a plenary on the floor of…
