Chairman of the Senate committee, Senator Clifford Ordia has stated that out of the sum of over $22.8bn approved by the National Assembly under the 2016-2018 External Borrowing Plan, only $2.8bn, which represented 10 per cent, had been disbursed to Nigeria.
The lawmaker said the projects, which required additional financing, would have great multiplier effects on stimulating economic growth through infrastructure development, job creation, poverty alleviation, health care, and improve the nation’s security architecture.
He emphasised that tax revenues accruable to the government would increase as a result of the impact of commercial and engineering activities.
Let Zebra News help your business/brand reach a wider audience. Advertise with us today! Contact Our Marketing Team; Tel: 08062622328, 07083662767. Email: zebranewsng@gmail.com
