Friday 28 October 2016

Reps Hinge Approval for $30bn Loan on Funding for Constituency Projects

Members of the Nigerian House of Representatives have hinged their approval for the $30 billion external borrowing plan request of the federal government and the Medium Term Expenditure Framework (MTEF) on a firm commitment by the executive to the release of funds for their constituency projects. President Muhammadu Buhari early this week had written to the National Assembly, seeking approval for the loan to address critical infrastructure deficit, and for virement of N180 billion in the 2016 budget to fund capital and recurrent items.
Read more at http://www.thisdaylive.com/

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