Politics House of Reps Approves $1bn Loan for NNPC - PM News

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The House of Representatives, has approved the 1.56 billion dollars loan facility proposed by the Nigerian National Petroleum Corporation (NNPC).

The resolution followed the adoption of the report on the proposed loan by the Committees on Petroleum Resources, Upstream and Downstream, Loans and Debts, and Justice.

The House also urged the Ministry of Petroleum Resources and NNPC to forward details of the composition and structure of the Petroleum Support Fund (PSF) to the appropriate committees of the National Assembly.

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Source: PM News
 

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