Nigeria: Govt to spend 61% of external borrowing on power, rail, other infrastructure projects

*PDP opposes borrowing plan *Three tiers of govt, private sector to fund reconstruction of N’East *Buhari renews Kale’s appointment as statistician-general 27 October 2016, Abuja — Details of the federal government’s $29.96 billion External Borrowing (Rolling) Plan for 2016-2018 have revealed that 61.2 per cent of the foreign loans have been earmarked for bankable infrastructure […] More »