Take a look at how president buhari will spend the 22 7 billion loan

I think there may be a slight misunderstanding. President Buhari has not taken a loan of $22.7 billion. Nigeria has been facing economic challenges, and the government has been seeking loans to finance various projects and stabilize the economy.

However, I can provide some context on the loans Nigeria has taken in recent years. In 2016, Nigeria's government approved a $29.6 billion loan request from the National Assembly to finance various projects, including infrastructure development, power generation, and agriculture.

Here's a breakdown of how some of the loans have been allocated:

  1. Power sector reform: $1 billion loan from the World Bank to improve power generation and distribution.
  2. Rail development: $1.5 billion loan from the Chinese government to construct a new rail line from Lagos to Kano.
  3. Agriculture: $1 billion loan from the African Development Bank to improve agricultural productivity and food security.
  4. Infrastructure development: $2.5 billion loan from the African Development Bank to finance road construction, bridge building, and other infrastructure projects.
  5. Power generation: $1.5 billion loan from the World Bank to improve power generation and distribution.

It's worth noting that the Nigerian government has also been working to reduce its debt burden and improve its fiscal management. In 2020, the government launched a debt management strategy aimed at reducing the country's debt-to-GDP ratio from 22.5% to 15% by 2025.

As for President Buhari's plans for the loan, I'm not aware of any specific allocation plan. However, the government has outlined various projects and initiatives aimed at stimulating economic growth, improving infrastructure, and reducing poverty.

Some of the key areas the government has identified for investment include:

  1. Agriculture: Improving agricultural productivity, increasing food security, and promoting rural development.
  2. Infrastructure: Developing roads, bridges, and other infrastructure to improve connectivity and facilitate economic growth.
  3. Power generation: Increasing power generation and distribution to reduce the country's reliance on imported fuel and improve economic competitiveness.
  4. Education: Improving access to quality education and promoting human capital development.
  5. Healthcare: Improving access to quality healthcare and promoting health sector development.

These are just some of the areas the government has identified for investment. The actual allocation of the loan will depend on various factors, including the government's priorities, the country's economic situation, and the availability of funds.