The intention was conveyed in separate letters to the Senate and House of Representatives by President Goodluck Jonathan.
The President indicated that the funds would be used to cover pipeline projects in the 2012-2014 External Borrowing Plan.
Under the plan, government will borrow $2.64 billion annually.
http://www.punchng.com/news/fg-to-borrow-7-9bn-from-world-bank-adb-others/
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