Nigerian President Muhammadu Buhari speaks during a news conference during a visiit to Pr...

Nigeria’s Buhari seeks approval for over $4 bln foreign loans – Reuters

Nigerian President Muhammadu Buhari speaks during a news conference during a visiit to Pretoria, South Africa, October 3, 2019. REUTERS/Siphiwe Sibeko/File PhotoABUJA, Sept 14 (Reuters) - Nigeria's President Muhammadu Buhari has requested Senate approval for a plan to borrow more than $4 billion from international lenders for infrastructure projects, according to a letter seen by Reuters on Tuesday.Sovereign loans, including one of 710 million euros and a grant of $125 million, are to be sourced from the World Bank, French Development Agency, China-Exim Bank and International Fund for Agricultural Development.Private lenders include Credit Suisse group and Standard Chartered Bank, according …

 

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