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Buhari’s proposed $22.72bn loan in line with debt strategy, favours economy – Debt office

The Debt Management Office (DMO) has said that moves by President Muhammadu Buhari for a $22.72bn (N6.9 trillion) external loan is in line with objectives for Nigeria to tap into cheap long-term debt in the international market for fixing infrastructure gaps and moderating the country’s level of debt servicing. DMO’s defence comes amid public concerns…

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