According to him, “it is inconceivable for the Federal Government to take a loan of $3.3 billion with an interest rate that is not more than 12 per cent, but with estimated repayment amounting to $12 billion”, adding that it is also that “Nigeria’s current Barrels Produced Daily (BPD) is 1.38 million, and according to the Project Gazelle deal, Nigeria is to supply 90,000 Barrels of its daily production, starting from 2024 till it is up to 164.25 million barrels for the repayment of the loan.”
Trending
- UN, ASWHAN initiate economic opportunities for women living with HIV
- Physician highlights health implications of sleep deprivation
- Experts call for unified efforts to combat measles in Nigeria
- Over 40m people across West, Central Africa are struggling to feed — UN
- Niger Legislators confused over lack of defined roles for Humanitarian Ministry and NSEMA
- Explainer: Why children are more vulnerable to drowning
- Commissioner urged to address delays in road projects across Niger State
- Cyclone Chido death toll in Mozambique rises to 73
