The 9th Senate, has on Wednesday, approved the sums of $16,230,077,718 billion, €1,020,000,000 billion, as well as a grant of $125,000,000 million, as foreign loans for President Muhammadu Buhari to fund his remaining legacy projects, learnt.
The Senate specifically approved the issuance of €500,000,000 million from the Bank of Industries, BoI, and €750,000,000 million Eurobond in the International Capital Market, ICM.
It asked the President to forward the terms and conditions of the loan from the funding Agencies to the National Assembly.
The Senate gave the approval, following the consideration of the report of its Committee on Local and Foreign Debts, chaired by Senator Clifford Ordia.
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