The $3 billion loan deal, which was signed in Cairo a frothnight ago is to enable the NNPC Ltd support the Federal Government in its ongoing fiscal and monetary policy reforms aimed at stabilising the exchange rate market.
Sources close to President Bola Tinubu, Minister of Finance Mr Wale Edun and the Group Chief Executive Officer (GCEO) NNPCL Mallam Mele Kyari disclosed that the President’s economic team was part of the those that structured the terms agreement for the $3 billion loan.
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