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Buhari’s govt seeks fresh $1.2bn loan from Brazil


Buhari’s govt seeks fresh $1.2bn loan from Brazil

Buhari appoints Prof Adesoji Adesugba as MD, NEPZA

The president Buhari led government has said that it’s seeking a loan of $1.2bn from Brazil to finance agricultural programmes in the 2021 budget.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, made this known during a meeting with the House of Representatives Committee on Finance in Abuja on Tuesday.

Ahmed said that a request has been sent to the National Assembly to approve the loan from the Brazilian government.

She said the loan will be used to address issues in agriculture, adding that 100,000 hectares of land will be acquired in each state for food production.

“I request for the approval for loan for the Green Imperative Programme which is for loan of $1.2bn from the Brazilian government.

“The purpose of this program is to address the whole of agricultural value chain from mechanization, production, processing and selling,” she said.

The report has generated a lot of backlash for the government since it broke.

Reacting to the development, Reno Omokri, a staunch critic of President Muhammadu Buhari described the President and his cabinet as a ‘shameless bunch.’

The post Buhari’s govt seeks fresh $1.2bn loan from Brazil appeared first on Within Nigeria.

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Aminat Aigbe
Aminat Aigbe is the first lady of afronaija and a very good blogger ( Original Mrs AfroNaija )

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