Tag: CDB
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Reps okay FG’s intention to borrow $973,474,971.38 from CDB
The House of Representatives has approved the request by the Federal Government to borrow $973,474,971.38 from China Development Bank, CDB. This followed the decision by the China-Exim Bank to reject Nigeria’s $22,798,446,773 loan request earlier approved by the National Assembly. The Chairman of the House Committee on Rules and Business, Abubakar Fulata, moved a motion…