Breaking: Buhari Seeks $4bn, Euro 710m External Loan, Begs Senate For Approval

Date: 14-09-2021 1:30 pm (1 week ago) | Author: Giwa bayo
- at 14-09-2021 01:30 PM (1 week ago)
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President Muhammadu Buhari has requested the Senate give approval for fresh loans. Buhari is requesting a fresh loan of $4,054,476, 863.00, Euro 710million and a grant of $125million to finance critical projects in the 2021 budget. Buhari’s request was contained in his letter on Tuesday read by Senate President Ahmad Lawan at plenary following the resumption of the Upper Chamber from its two-month annual vacation.
 
According to the President, the request is an addendum to the proposed 2018 – 2021 Federal Government External Borrowing Rolling Plan earlier approved by the National Assembly. He said that the projects listed in the addendum to the 2018 – 2021 Federal Government External Borrowing Rolling Plan are to be financed through sovereign loans from the World Bank, French Development Agency, China Exim Bank, International Fund for Agricultural Development (IFAD) and Credit Swiss Group, among others.

“In view of other emerging needs and to ensure that all critical projects approved by FEC as at June 2021 are incorporated, I hereby forward an addendum to the proposed borrowing plan,” Buhari said.
 
Details shortly…
 


Posted: at 14-09-2021 01:30 PM (1 week ago) | Hero
- marijuanaa at 14-09-2021 01:35 PM (1 week ago)
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Useless senseless man...
Posted: at 14-09-2021 01:35 PM (1 week ago) | Upcoming
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- Olandetujaa at 14-09-2021 02:02 PM (1 week ago)
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All they do everyday is depleting the Nigerian foreign reserves, borrow more money for useless projects that could have been financed through foreign investments and joint venture, further devalue and bastardise the nation's currency. The sins of this government is beyond comprehension.
Posted: at 14-09-2021 02:02 PM (1 week ago) | Upcoming
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- Ayubasimon at 14-09-2021 04:24 PM (1 week ago)
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Breaking news this is to inform the general public that individual can now #buy dangote cement directly  from the factory at the rate  of 2000 Naira per bag and Rice for 19,000 naira per bag. call the marketing manager Mrs Aruna Grace on  (08034825434) or whatsapp Transportation and offloading is 300 Naira, minimum for purchase is from 100 bags and above.  we deliver nation wide only serious buyers should call. Note payment validate order.
Posted: at 14-09-2021 04:24 PM (1 week ago) | Newbie
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- constigoldo at 15-09-2021 08:01 AM (1 week ago)
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Is it loan you came to accumulate?  Your successor will suffer, end up paying debts. This one should not be approved.
Posted: at 15-09-2021 08:01 AM (1 week ago) | Gistmaniac
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