Metro
$200m Loan: Senate ponders over Ambode’s request
Published By
pmnews
Date
4th November, 2015
The Senate has considered the request of President Muhammadu Buhari for a 200-million-dollar World Bank loan for Lagos State led by Governor Akinwunmi Ambode.
The loan is the second tranche of a Development Policy Operation (DPO) loan offered by the World Bank to the Lagos State Government.
The President of the Senate referred the request to the Ad hoc Committee on Local and Foreign Debts, charging it to report back to the Senate in two weeks.
Edo State had also requested for a similar loan of 70 million dollars as the second tranche of the same Development Policy Operation of the World Bank.
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