" Buhari Begs Senate to Approve $4bn, Euro 710m External Loan - Langztrend

NEWS | DJ MIX | FREE BEAT | ALBUM/EP | SHOP |


  CLICK HERE TO PROMOTE YOUR SONG


Wizkid
Friendswithnobody
Omah_Lay
Naira Marley
Olamide
Tiwa Savage
Rema
Teni
Kizz Daniel
Zlatan
Tekno
Phyno
Yemi Alade

« | »

Buhari Begs Senate to Approve $4bn, Euro 710m External Loan

Posted by on September 14, 2021 0



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.

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… 



Source link

SEE RELATED POST👇



No Comments Yet Drop a Comment

Drop your Comment


« | »

Looking for something? Search below