Economists express concerns over $3bn NNPCL loan

The experts expressed their worry in separate interviews with the News Agency of Nigeria (NAN) on Wednesday in Lagos.

Some of the experts said that the loan was an unhealthy signal for investors, while others noted that it would be a source of funds that could be used to cover losses.

Ndubisi Nwokoma, Director, Centre for Economic Policy Analysis and Research, University of Lagos, Akoka, said that the loan would not have any significant impact in preventing the Naira from slumping further.