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Nigerian Leader Asks for $30 Billion in Foreign Loans

Nigeria's President Muhammadu Buhari wants $30 billion in foreign loans for infrastructure and other projects over the next three years to overcome a recession in Africa's biggest economy. Buhari sent letters Wednesday to parliament seeking approval to borrow $29.6 billion — more than the entire budget — for power, railways, roads, education, health and water resources. The African oil giant has been unable to secure loans of $5 billion to plug this year's budget deficit....

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