External Loan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cuts external loan estimates by over $6 billion to $11.4 billion

Queen Creek is obligated to build $84 million worth of infrastructure improvements new the future LG batter factory. Here's how it will pay for it.

The Senate on Wednesday approved a loan request of $6.1 billion by President Muhammadu Buhari. The $6.1 billion which is about N2.343trillion was approved following the consideration of the report of the Senate Committee on Local and Foreign Debts at plenary. Chairman of the committee, Senator Clifford Ordia, presented the report. President Buhari had in May, asked the National Assembly to consider and approve the loan. The loan, he said, will be raised from multilateral and bilateral lenders as well as the international capital market. He also disclosed that the National Assembly already app...

By Deji Elumoye and Udora Orizu The National Assembly yesterday raised the N895.842 billion supplementary budget proposal for the 2021 fiscal year submitted to its two chambers, the Senate and the House of Representatives, by President Muhammadu Buhari by N87.9 billion and approved N982.729 billion. The Senate also approved the federal government’s request for $6.183 billion (N2.343 trillion) as external borrowing in 2021 Appropriation Act. Nonetheless, the federal government has intensified preparations for next year’s budget as it approved the 2022 – 2024 Medium Term Expenditure Frame...