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FEC Approves Borrowing Of N88.9bn For Power, Transportation Projects

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The federal executive council today approves the obtaining of three loan facilities for rural electrification, transportation and subregional power projects at the cost of n88.9 billion The minister of finance, Zainab Ahmed who disclosed this to newsmen after the council meeting insisted that the nation’s borrowing is still safe despite series of warnings. ITV statehouse correspondent Ikharo Attah reports that council also approved three road contracts in the FCT and a draft bill for the establishment of a the Nigerian army university.

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