Available Spaces Available Spaces - Contact Us for more details
News

Buhari Secures $6b Loan From China

President Muhammadu Buhari departs on a 3-day official visit to Kenya on 27th Jan 2016
President Muhammadu Buhari departs on a 3-day official visit to Kenya on 27th Jan 2016
After many critiques impediments, President Mohammadu Buhari finally succeeded securing a $6 billion loan (5.3 billion euro) loan and a currency swap deal, Vanguard reports.
It is recalled that in January, International Monetary Fund (IMF) Managing Director, Christine Lagarde visited Nigeria and maintained that neither she nor her team had come to negotiate a loan with the country.
She thereafter urged Nigeria to abandon its strict currency controls and to seek help from the international institutions.
Mr. President has been on tour to over 20 nations since he assumed office in May last year with the mission to secure funds for an expansionary budget to kick-start the flagging economy.
Ironically, the traveling of Buhari has earned him an appellation “Waka waka President” meaning the always on move president.

Spaces Available Here Slots Available - Contact Us For More details

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close