The senate has approved the $6.1 billion loan request by President Muhammadu Buhari<\/strong>.<\/span><\/h4>\n <\/p>\n
The $6.1 billion loan request \u2014 N2.343 trillion \u2014 was approved after Clifford Ordia, chairman of the loan and debts committee, presented a report on the floor of the upper legislative chamber on Wednesday.<\/span><\/p>\n <\/p>\n
The president had asked the National Assembly to approve the loan in May.<\/span><\/p>\n <\/p>\n
Buhari said the loan will be raised from multilateral and bilateral tenders as well as the international capital market.<\/span><\/p>\n <\/p>\n
While presenting his report, Ordia said the request is not new as it was approved in the borrowing plan when the national assembly passed the 2021 budget.<\/span><\/p>\n <\/p>\n
\u201cWhat we are about to pass is not a new borrowing, it has been approved in the 2021 budget,\u201d the senator representing Edo central said.<\/span><\/p>\n <\/p>\n
After the request was approved, Senate President Ahmad Lawan said the national assembly must make sure that there are no frivolous expenditures by the executive.<\/span><\/p>\n <\/p>\n
\u201cLet me thank the committee, this is not a new loan. This is a borrowing plan we have approved,\u201d Lawan said.<\/span><\/p>\n <\/p>\n
\u201cWhat we have done is to provide the necessary resolutions for the implementation of it.<\/span><\/p>\n <\/p>\n
\u201cEvery cent counts. Our committees must be alive to oversee it. No frivolous expenditures should be entertained.\u201d<\/span><\/p>\n <\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The senate has approved the $6.1 billion loan request by President Muhammadu Buhari. The $6.1 billion loan request \u2014 N2.343 trillion \u2014 was approved after Clifford Ordia, chairman of the loan and debts committee, presented a report on the floor of the upper legislative chamber on Wednesday. The president had asked the […]<\/p>\n","protected":false},"author":5,"featured_media":1375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[15],"tags":[192,796,356],"class_list":["post-1373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-approves","tag-buharis-6bn-loan-request","tag-senate"],"yoast_head":"\n
Senate Approves Buhari\u2019s $6bn Loan Request — Business Bells<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senate Approves Buhari\u2019s $6bn Loan Request — Business Bells\" \/>\n<meta property=\"og:description\" content=\" The senate has approved the $6.1 billion loan request by President Muhammadu Buhari. The $6.1 billion loan request \u2014 N2.343 trillion \u2014 was approved after Clifford Ordia, chairman of the loan and debts committee, presented a report on the floor of the upper legislative chamber on Wednesday. The president had asked the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/\" \/>\n<meta property=\"og:site_name\" content=\"Business Bells\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/businessbells\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-07T15:49:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/mydailybells.com.ng\/businessbells\/wp-content\/uploads\/sites\/3\/2021\/07\/images-7.jpeg?fit=500%2C458&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"458\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Business Bells\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@dailybellsng\" \/>\n<meta name=\"twitter:site\" content=\"@dailybellsng\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Business Bells\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/senate-approves-buharis-6bn-loan-request\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/senate-approves-buharis-6bn-loan-request\\\/\"},\"author\":{\"name\":\"Business Bells\",\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/#\\\/schema\\\/person\\\/b734cf92c0e8d375d1012207c51ec2cc\"},\"headline\":\"Senate Approves Buhari\u2019s $6bn Loan Request\",\"datePublished\":\"2021-07-07T15:49:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/senate-approves-buharis-6bn-loan-request\\\/\"},\"wordCount\":223,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/senate-approves-buharis-6bn-loan-request\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/mydailybells.com.ng\\\/businessbells\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2021\\\/07\\\/images-7.jpeg?fit=500%2C458&ssl=1\",\"keywords\":[\"Approves\",\"Buhari\u2019s $6bn Loan Request\",\"Senate\"],\"articleSection\":[\"Business News\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/senate-approves-buharis-6bn-loan-request\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/senate-approves-buharis-6bn-loan-request\\\/\",\"url\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/senate-approves-buharis-6bn-loan-request\\\/\",\"name\":\"Senate Approves Buhari\u2019s $6bn Loan Request — Business Bells\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/senate-approves-buharis-6bn-loan-request\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/senate-approves-buharis-6bn-loan-request\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/mydailybells.com.ng\\\/businessbells\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2021\\\/07\\\/images-7.jpeg?fit=500%2C458&ssl=1\",\"datePublished\":\"2021-07-07T15:49:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/senate-approves-buharis-6bn-loan-request\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/senate-approves-buharis-6bn-loan-request\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/senate-approves-buharis-6bn-loan-request\\\/#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/mydailybells.com.ng\\\/businessbells\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2021\\\/07\\\/images-7.jpeg?fit=500%2C458&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/mydailybells.com.ng\\\/businessbells\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2021\\\/07\\\/images-7.jpeg?fit=500%2C458&ssl=1\",\"width\":500,\"height\":458,\"caption\":\"Buhari and Lawan,\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/senate-approves-buharis-6bn-loan-request\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Senate Approves Buhari\u2019s $6bn Loan Request\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/#website\",\"url\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/\",\"name\":\"Business Bells\",\"description\":\"The Nation's Voice of Business and Values\",\"publisher\":{\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/#organization\",\"name\":\"Business Bells\",\"url\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"\",\"contentUrl\":\"\",\"caption\":\"Business Bells\"},\"image\":{\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/facebook.com\\\/businessbells\",\"https:\\\/\\\/x.com\\\/dailybellsng\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/#\\\/schema\\\/person\\\/b734cf92c0e8d375d1012207c51ec2cc\",\"name\":\"Business Bells\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/731bf9c375162240e6021fd83c620e81f9cadfdff106bda2238ee39bcd0732bc?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/731bf9c375162240e6021fd83c620e81f9cadfdff106bda2238ee39bcd0732bc?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/731bf9c375162240e6021fd83c620e81f9cadfdff106bda2238ee39bcd0732bc?s=96&d=mm&r=g\",\"caption\":\"Business Bells\"},\"url\":\"https:\\\/\\\/mydailybells.com.ng\\\/businessbells\\\/author\\\/businessbells\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Senate Approves Buhari\u2019s $6bn Loan Request — Business Bells","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/","og_locale":"en_GB","og_type":"article","og_title":"Senate Approves Buhari\u2019s $6bn Loan Request — Business Bells","og_description":" The senate has approved the $6.1 billion loan request by President Muhammadu Buhari. The $6.1 billion loan request \u2014 N2.343 trillion \u2014 was approved after Clifford Ordia, chairman of the loan and debts committee, presented a report on the floor of the upper legislative chamber on Wednesday. The president had asked the […]","og_url":"https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/","og_site_name":"Business Bells","article_publisher":"https:\/\/facebook.com\/businessbells","article_published_time":"2021-07-07T15:49:10+00:00","og_image":[{"width":500,"height":458,"url":"https:\/\/i0.wp.com\/mydailybells.com.ng\/businessbells\/wp-content\/uploads\/sites\/3\/2021\/07\/images-7.jpeg?fit=500%2C458&ssl=1","type":"image\/jpeg"}],"author":"Business Bells","twitter_card":"summary_large_image","twitter_creator":"@dailybellsng","twitter_site":"@dailybellsng","twitter_misc":{"Written by":"Business Bells","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/#article","isPartOf":{"@id":"https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/"},"author":{"name":"Business Bells","@id":"https:\/\/mydailybells.com.ng\/businessbells\/#\/schema\/person\/b734cf92c0e8d375d1012207c51ec2cc"},"headline":"Senate Approves Buhari\u2019s $6bn Loan Request","datePublished":"2021-07-07T15:49:10+00:00","mainEntityOfPage":{"@id":"https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/"},"wordCount":223,"commentCount":0,"publisher":{"@id":"https:\/\/mydailybells.com.ng\/businessbells\/#organization"},"image":{"@id":"https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/mydailybells.com.ng\/businessbells\/wp-content\/uploads\/sites\/3\/2021\/07\/images-7.jpeg?fit=500%2C458&ssl=1","keywords":["Approves","Buhari\u2019s $6bn Loan Request","Senate"],"articleSection":["Business News"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/","url":"https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/","name":"Senate Approves Buhari\u2019s $6bn Loan Request — Business Bells","isPartOf":{"@id":"https:\/\/mydailybells.com.ng\/businessbells\/#website"},"primaryImageOfPage":{"@id":"https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/#primaryimage"},"image":{"@id":"https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/mydailybells.com.ng\/businessbells\/wp-content\/uploads\/sites\/3\/2021\/07\/images-7.jpeg?fit=500%2C458&ssl=1","datePublished":"2021-07-07T15:49:10+00:00","breadcrumb":{"@id":"https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/#primaryimage","url":"https:\/\/i0.wp.com\/mydailybells.com.ng\/businessbells\/wp-content\/uploads\/sites\/3\/2021\/07\/images-7.jpeg?fit=500%2C458&ssl=1","contentUrl":"https:\/\/i0.wp.com\/mydailybells.com.ng\/businessbells\/wp-content\/uploads\/sites\/3\/2021\/07\/images-7.jpeg?fit=500%2C458&ssl=1","width":500,"height":458,"caption":"Buhari and Lawan,"},{"@type":"BreadcrumbList","@id":"https:\/\/mydailybells.com.ng\/businessbells\/senate-approves-buharis-6bn-loan-request\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mydailybells.com.ng\/businessbells\/"},{"@type":"ListItem","position":2,"name":"Senate Approves Buhari\u2019s $6bn Loan Request"}]},{"@type":"WebSite","@id":"https:\/\/mydailybells.com.ng\/businessbells\/#website","url":"https:\/\/mydailybells.com.ng\/businessbells\/","name":"Business Bells","description":"The Nation's Voice of Business and Values","publisher":{"@id":"https:\/\/mydailybells.com.ng\/businessbells\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mydailybells.com.ng\/businessbells\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/mydailybells.com.ng\/businessbells\/#organization","name":"Business Bells","url":"https:\/\/mydailybells.com.ng\/businessbells\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/mydailybells.com.ng\/businessbells\/#\/schema\/logo\/image\/","url":"","contentUrl":"","caption":"Business Bells"},"image":{"@id":"https:\/\/mydailybells.com.ng\/businessbells\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/facebook.com\/businessbells","https:\/\/x.com\/dailybellsng"]},{"@type":"Person","@id":"https:\/\/mydailybells.com.ng\/businessbells\/#\/schema\/person\/b734cf92c0e8d375d1012207c51ec2cc","name":"Business Bells","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/731bf9c375162240e6021fd83c620e81f9cadfdff106bda2238ee39bcd0732bc?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/731bf9c375162240e6021fd83c620e81f9cadfdff106bda2238ee39bcd0732bc?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/731bf9c375162240e6021fd83c620e81f9cadfdff106bda2238ee39bcd0732bc?s=96&d=mm&r=g","caption":"Business Bells"},"url":"https:\/\/mydailybells.com.ng\/businessbells\/author\/businessbells\/"}]}},"jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/mydailybells.com.ng\/businessbells\/wp-content\/uploads\/sites\/3\/2021\/07\/images-7.jpeg?fit=500%2C458&ssl=1","_links":{"self":[{"href":"https:\/\/mydailybells.com.ng\/businessbells\/wp-json\/wp\/v2\/posts\/1373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mydailybells.com.ng\/businessbells\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mydailybells.com.ng\/businessbells\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mydailybells.com.ng\/businessbells\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/mydailybells.com.ng\/businessbells\/wp-json\/wp\/v2\/comments?post=1373"}],"version-history":[{"count":1,"href":"https:\/\/mydailybells.com.ng\/businessbells\/wp-json\/wp\/v2\/posts\/1373\/revisions"}],"predecessor-version":[{"id":1376,"href":"https:\/\/mydailybells.com.ng\/businessbells\/wp-json\/wp\/v2\/posts\/1373\/revisions\/1376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mydailybells.com.ng\/businessbells\/wp-json\/wp\/v2\/media\/1375"}],"wp:attachment":[{"href":"https:\/\/mydailybells.com.ng\/businessbells\/wp-json\/wp\/v2\/media?parent=1373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mydailybells.com.ng\/businessbells\/wp-json\/wp\/v2\/categories?post=1373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mydailybells.com.ng\/businessbells\/wp-json\/wp\/v2\/tags?post=1373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}