President Muhammadu Buhari has sent a request to
the National Assembly seeking approval for another tranche of a $200 million
World Bank loan for Lagos State. The president’s
request was conveyed in a letter read in plenary by the Senate President, Bukola
Saraki and the Speaker, Mr. Yakubu Dogara.
The World Bank in 2010 had offered a development police operation facility
worth $600 million to the state, to be operated in three tranches of $200
million per annum. In a separate
letter, President Buhari also sought the legislature’s approval to raise
Nigeria’s proposed Diaspora bond to $300 million, from the initial $100
million. According to the president,
the raise is needed to accommodate the “huge amount of capital” required to
bridge the infrastructure gap in the country.
Has laoreet percipitur ad. Vide interesset in mei, no his legimus verterem. Et nostrum imperdiet appellantur usu, mnesarchum referrentur id vim.
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