Monday, September 5, 2016

Video - Nigeria's govt approves a three-year external borrowing plan for the country



Nigeria's government has approved a three-year external borrowing plan for the country after its economy slipped into recession for the first time in more than 20 years. The government says the money will be channeled into badly needed infrastructure and help the country come out of the current recession.The government has so far disbursed more than 400 billion naira in capital expenditure this year but revenue has been short in coming for it meet its budgetary targets.

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