{"id":1908,"date":"2021-09-14T14:03:09","date_gmt":"2021-09-14T13:03:09","guid":{"rendered":"https:\/\/mydailybells.com.ng\/businessbells\/?p=1908"},"modified":"2021-09-14T14:04:44","modified_gmt":"2021-09-14T13:04:44","slug":"just-in-buhari-seeks-national-assembly-approval-for-fresh-external-loans","status":"publish","type":"post","link":"https:\/\/mydailybells.com.ng\/businessbells\/just-in-buhari-seeks-national-assembly-approval-for-fresh-external-loans\/","title":{"rendered":"JUST IN: Buhari Seeks National Assembly Approval For Fresh External Loans"},"content":{"rendered":"<p>&nbsp;<\/p>\n<h4><span style=\"font-size: 18pt;\"><strong>President Muhammadu Buhari has requested the National Assembly to approve for it $4,054,476,863 and \u20ac710 million<\/strong>.<\/span><\/h4>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">Buhari is also seeking the nation\u2019s legislature\u2019s approval for grant components of $125 million in the 2018-2020 external rolling borrowing plan.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">This is contained in a letter addressed to both chambers of the National Assembly and read on the floor at the resumption of plenary by the presiding officers on Tuesday.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">Part of the letter read, \u201cI write on the above subject and submit the attached addendum to the proposed 2018-2020 external rolling borrowing plan for the consideration and concurrent approval of the senate for the same to become effective.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">\u201cThe distinguished Senate President may recall that I submitted a request on 2018-2020 borrowing plan for the approval of the senate in May 2021.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">\u201cHowever, in view of other emerging needs and to ensure that all critical projects approved by Federal Executive Council as of June 2021 are incorporated, I hereby forward an addendum to the proposed borrowing plan.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">\u201cThe projects listed in the external borrowing plan are to be financed through sovereign loans from the World Bank, French Development Agency, EXIM Bank and IFAD in the total sum of $4,054,476,863 and \u20ac710 million and grant components of $125 million.\u201d<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">Details later\u2026<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; President Muhammadu Buhari has requested the National Assembly to approve for it $4,054,476,863 and \u20ac710 million. &nbsp; Buhari is also seeking the nation\u2019s legislature\u2019s approval for grant components of $125 million in the 2018-2020 external rolling borrowing plan. &nbsp; This is contained in a letter addressed to both chambers of the National Assembly and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":1910,"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":[15,4],"tags":[1073,670,1074],"class_list":["post-1908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-economy","tag-external-loans","tag-national-assembly","tag-president-mohammadu-buhari"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>JUST IN: Buhari Seeks National Assembly Approval For Fresh External Loans &#8212; Business Bells<\/title>\n<meta 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