Tag: Loan Request

Senate approves FG’s external loan request

The Senate has approved the Federal Government loan request of 16.2 billion dollars and 1.02 billion euros, under the 2018-2020 eternal borrowing plan. This followed the adoption of the report of the Senate Committee on Local and Foreign Debt on the 2018-2020 external borrowing (Rolling) Plan at Wednesday’s plenary. Presenting[Read More…]

National Assembly approves Buhari’s $28.2 billion loan

The national assembly has approved loans of $28.2 billion sought by President Muhammadu Buhari. While the senate granted the president’s request to borrow $5.5 billion for COVID-19, the house of representatives also approved a $22.7 billion which was rejected last year. The green chamber approved the request at Tuesday’s plenary[Read More…]

Breaking: Buhari writes National Assembly, wants a fresh $5.513bn loan

Nigeria’s President Muhammadu Buhari has again written to the National Assembly seeking a fresh $5.513bn external loans to Finance revised 2020 budget . In a letter read during Thursday’s plenary session by the Speaker of the House of Representatives, Femi Gbajabiamila, the President said the funds will be used for[Read More…]

Emir Sanusi Kicks Against Buhari’s $30 Billion Loan Request

The Emir of Kano, Sanusi Lamido Sanusi Friday kicked against plans by President Muhammadu Buhari to seek approval of the Senate on the $30 billion loan request. The former Central Bank of Nigeria (CBN) Governor said even if the Senate gave their ascent to the loan, no country or global[Read More…]

“Senators Will Approve Buhari’s Loan Request” – Saraki Says After Meeting The President

The President of the Senate, Sen. Bukola Saraki, on Friday, in Abuja, warned against politicisation of the Senate’s rejection of President Muhammadu Buhari’s request for his administration to borrow 29.96 billion dollars. The News Agency of Nigeria (NAN) recalls the Senate last week voted against President Buhari’s request for the[Read More…]

South-East APC Begs Senate To Approve Buhari’s $29.9bn Loan Request

The South-East Chapter of the All Progressives Congress has appealed to the Senate to reverse its decision to reject President Muhammadu Buhari’s request to borrow N29.9bn. The Senate voted against the request on Tuesday. However, the South-East APC is begging the lawmakers to reverse the decision. In a statement signed[Read More…]