Abuja, Oct 27, 2016 (NAN) The Federal Government says that within the next three years, it plans to borrow $29.96 billion from the World Bank, African Development Bank, and Japan International Co-operation Agency (JICA).
The other international financial agencies it plans to borrow the money from are Islamic Development Bank (IDB) and China EximBank.
The Minister of Finance, Mrs Kemi Adeosun gave details of the loan in Abuja on Thursday in a statement by her Special Adviser, Mr Festus Akanbi.
It will be recalled that President Muhammadu Buhari on Tuesday forwarded a request to the National Assembly to approve external borrowing plan of 29.96 billion dollars to execute key infrastructure across the country between 2016 and 2018.
Buhari said the borrowings will target projects across all sectors with special emphasis on infrastructure, agriculture, health, education, water supply, growth and employment generation.
Other sectors, he said, included poverty reduction through social safety net programmes, governance and...
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