The Federal management might have borrowed $500 million (N80 billion) to purchase the 30 brand fresh aircraft it planned to give to 10 domestic airlines as new intrusion in the aviation industry, big business day learn at the weekend.
A foundation told Business Day that administration borrowed the N80 billion since a Chinese bank. Stella Oduah, Aviation Minister, had supposed that she was not joyful with the system the first N300 billion interference funds was disbursed and spent, addition that the only way to keep the industry from impending collapse was to rapidly intervene again.
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