BUHARI SEEKS FRESH $1.2 BILLION DOLLARS LOAN FROM BRAZIL. WANT APPROVAL FROM NATIONAL ASSEMBLY

The Federal Government is seeking the approval of the National Assembly for $1.2bn external borrowing from Brazil to finance agricultural programmes in the 2021 budget.

Zainab Ahmed, the minister of finance, budget and national planning, made the disclosure while defending her ministry’s 2021 budget before the House of Representatives Committee on Finance in Abuja on Tuesday.

She revealed that the Federal Government forwarded an approval request to the National Assembly for the loan from the Brazilian government to address issues in the agriculture value chain as Nigeria.