The Ministers of Finance, Transportation, Works and Housing have appeared before the House Committee on Aids, Loans and Debt Management to defend the Federal Government’s proposed $22.718 billion loan request.
Works and Housing minister, Babatunde Fashola said the loan will be used to complete the 2nd Niger Bridge and Kainji Power Project among other laudable projects.
The loan was rejected by the 8th National Assembly and has now been brought back for approval by the 9th parliament.
Fashola said with the loan, the nation will make provisions for the nations development.
Also present at the loan request defence were the Minister of Finance, Ahmed Zainab, and minister of State for Transportation, Gbemisola Saraki.