FG Approves U.S.$403 Million Loans for Lagos, Rivers, Ogun & Osun

Well..everything na politics now ....

The Federal Executive Council gave the go head to President Goodluck Jonathan's anticipatory approval of different foreign loans totaling about $403million for Lagos, Rivers, Ogun and Osun States among others.

This was in addition to $1.2billion multi-donor credits approved for the establishment of the proposed Development Bank of Nigeria.

Another $295million foreign loans were approved for other developmental projects across the country.

The Minister of State, Finance, Ambassador Bashir Yuguda who addressed state house correspondents after the meeting said the the loans which guaranteed by the government were for states being governed by the All Progressives Congress further confirmed Jonathan's position that he is the President of all Nigerians.

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