Nigeria Is Taking A USD 22.7b Loan With No Plan To Finance More Satellites For NigComSat

Nigerian Loan
NigComSat Headquarters in Abuja, Nigeria.

Amidst controversy and uproar from various quarters, the Nigerian House of Senate, on Thursday, approved the proposal from the Federal Government for an external loan to the tune of USD 22.7 billion.  The loan, when procured, according to the Senate, will finance infrastructural developments across the country. However,  a critical analysis of the proposed projects…

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