President Muhammadu Buhari has asked the National Assembly for approval to borrow $6.9bn.
In a letter read by the Senate President, Bukola Saraki at plenary on Wednesday, Buhari said the money was for infrastructural development.
He said $5.8bn would be borrowed from the Chinese Exim bank for the repair of the railway transport sector.
He added that $1.1b would be taken from the World Bank for the North East geopolitical zone and social security program.
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