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FEC Approves Borrowing Of 28 Billion Naira From France

The Federal Executive Council Wednesday approves the borrowing of 28 Billion from France for the development of power infrastructure in the FCT.
Minister of Finance and Coordinating Minister for the Economy, Dr Ngozi Okonjo-Iweala and her Information counterpart, Labaran Maku explained that the 170 million dollar loan would largely improved power supply in the FCT.
Dr Okonjo-Iweala also briefed on Federal Government decision to floats a 200 to 300 Million Dollars bond to enable Nigerians in diaspora invest in the country.
She also assured that the nation’s economy is growing steadily and inflation rate remains much under control.
Reported by Ikharo Attah

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