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The House of Senate has approved President Muhammadu Buhari’s $22,798,446,773.00 external loan request on Wednesday.

The President had requested for the loan to fund critical infrastructure projects under the 2016 – 2018 External Borrowing Plan.

The request was rejected in 2019 when the president sent it in by the senate under the previous senate president, Bukola Saraki.

This is coming after Nigeria became the biggest economy in Africa after South Africa went into a recession.

READ: Breaking: Council of state approves new minimum wage

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