FG's $22 billion loan application was rejected by Chinese bank officials.

The House of Representatives, on Tuesday, approved the request by the Federal Government to borrow $973,474,971.38 from China Development Bank. This followed the decision by the China-Exim Bank to reject Nigeria’s $22,798,446,773 loan request earlier approved by the National Assembly. The Chairman of the House Committee on Rules and Business, Abubakar Fulata, moved a motion for the legislative…
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