Simon Ateba is Chief White House Correspondent for Today News Africa. Simon covers President Joe Biden, Vice President Kamala Harris, the U.S. government, the United Nations, the International Monetary Fund, the World Bank and other financial and international institutions in Washington D.C. and New York City.
The Nigerian Senate had approved President Muhammadu Buhari’s request to borrow N850 billion externally. But after the IMF approved $3.4 billion loan or N1.3 trillion loan for Nigeria, the senate amended the former request to say the N850 billion would now be sourced internally.