NIGERIA WILL SPEND $4.9 BILLION ON KANO-NIGER RAILS, OTHER PROJECTS

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His Excellency, President Muhammadu Buhari Wants to use the new foreign loans. He is asking the National Assembly to authorize his administration to build a standard Gauge Rail Line from Kano State in Nigeria To Maradi in the Niger Republic.

President Muhammadu Buhari had requested the National Assembly to authorize $4.054 billion in new foreign loans for his administration, as well as $839 million.

As part of the 2018-2020 external rolling borrowing plan, he also requested the approval of the legislature for grant components totaling $125 million.

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