TheCapital

President Buhari Seeks Senate’s Approval For Fresh $4bn, Euro 710m External Loan

 Breaking News

President Buhari Seeks Senate’s Approval For Fresh $4bn, Euro 710m External Loan

President Buhari Seeks Senate’s Approval For Fresh $4bn, Euro 710m External Loan
September 14
15:15 2021

President Muhammadu Buhari has asked the Senate to approve a fresh loan of $4,054,476, 863.00, Euro 710million and a grant of $125million to finance critical projects in the 2021 budget.

The president’s request was contained in a letter read by the 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.

 

============================================About Us=======================================================

TheCapital offers the best of society and entertainment features by situating celebrity news and features in the context of popular culture. Published by OldEnglish Limited, it presents a very sharp contrast to mundane, run-of-the-mill celebrity gossip magazines; rather it is a written forum for and about Nigeria’s high-society comprising Nigeria’s upper middle class and aristocracy. TheCapital is an ultra-niche, collectible quality magazine written by and about the global elite. Our focus is on Nigeria’s best in the art and design, wealth and philanthropy, new technology, innovative ideas and experiences. We specialise in interviewing and profiling Nigeria and Africa’s most influential and successful individuals – art patrons, financiers, philanthropists, great thinkers – in their own words, exclusively for our publications. The magazine features the work of some of the most gifted photographers and designers in the world.

Mission Statement
Our objective is to provide factual and exhilarating news reports about the crème-de-la-crème of the Nigerian society. Feature reports by the magazine are designed to provide accurate insight to perspectives about eminent personalities and newsmakers and the goings-on in their lives.

Target Audience
It is primarily aimed at men and women with over eighty percent of its target readers aged 25 to 54 and in the upper socio-economic quintile. TheCapital offers that rare sophistication and élan that establishes its status as Nigeria’s most authoritative cultural barometer. The reader of TheCapital primarily; …loves to be trendy.

About Author

Mujeeb

Mujeeb

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment