From Ngex.com: Nigeria’s Senate has approved a request by 14 states and the Federal Government to borrow $1.137 billion from the Islamic Development Bank (IDB), the International Development Association (IDA), French Development Agency (FDA) and Indian Line of Credit.
The loans are in line with Nigeria’s external borrowing guidelines and are meant for economic and power reforms, rural development, special intervention for infrastructural development in some states and social programme development in others………………………………………..Full Article: Source