FG seeks fresh N1.2B loan from Brazil

The federal government is seeking the National Assembly’s approval to access the $1.2 billion agricultural loan from Brazil. This was disclosed by the minister of finance, budget, and national planning, Mrs Zainab Ahmed, when she appeared to defend the ministry’s 2021 budget before the House of Representatives’ committee on finance on Tuesday, November 3, 2020. According to her, the federal government had forwarded the loan request to the National Assembly which is aimed at addressing issues in the agriculture value chain as Nigeria moves to make it another source of…

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