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HOUSE OF REPS OKAY FG $1.5BN EXTERNAL BORROWING PLAN TO FINANCE PROJECTS

house of reps okay fg 1.5bn external borrowing plan to finance projects
Nigeria House of Representatives

The House of Reps has approved the Federal Government’s External Borrowing Plan of 1.5 billion dollars and 995 Million Euros, to finance priority projects.

The Nigeria House of Reps are asking that the terms and conditions of the loans from each lender as contained in a duly Executed Loan Agreements, should be forwarded to the National Assembly for proper documentation.

The House also approved a revenue target of l.678 trillion naira for the Nigeria Customs Service for the 2021 fiscal year.

The figure is an increase from the initial 1.465 trillion naira proposed by the Nigeria Customs Service, which the House considered inadequate.

The lawmakers are asking the Central Bank of Nigeria CBN to as matter of urgency to procure four Scanners for the Nigeria Customs Service from the best scanner’s manufacturers either from Germany or America but not China-made scanners.

Urhobo Daily

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