{"id":80854,"date":"2021-05-18T16:49:31","date_gmt":"2021-05-18T15:49:31","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=80854"},"modified":"2021-05-18T16:49:31","modified_gmt":"2021-05-18T15:49:31","slug":"buhari-seeks-senate-approval-for-fresh-n2-3trn-external-loan","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/buhari-seeks-senate-approval-for-fresh-n2-3trn-external-loan\/","title":{"rendered":"Buhari seeks Senate approval for fresh N2.3trn external loan"},"content":{"rendered":"<div dir=\"ltr\">The President, Major General Muhammadu Buhari (retd.), has asked the Senate to approve another N2.3trillion ($6.18bn) external loan.<\/p>\n<p>This is contained in a letter addressed to the Senate President, Ahmad Lawan, and read at plenary on Tuesday.<\/p>\n<p>Buhari said the proposed loan which is equivalent to N2.3trillion is to finance the 2021 budget deficit of N5.6 trillion.<\/p>\n<p>Buhari said the loan would enable the Federal Government to fund critical infrastructural projects in transportation, health, and education among others.<\/p>\n<p>This is coming barely a month after the Senate approved the sum of $1.5bn and \u20ac995 million external borrowings for the Federal Government.<\/p>\n<p>The loans were part of the $5.5 billion and \u20ac995 million external borrowings Buhari had, in May 2020, asked the Red Chamber to approve to finance various priority projects of the federal government and to support the state governments facing fiscal challenges.<\/p><\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The President, Major General Muhammadu Buhari (retd.), has asked the Senate to approve another N2.3trillion ($6.18bn) external loan. This is contained in a letter addressed to the Senate President, Ahmad&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":80855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-80854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Buhari seeks Senate approval for fresh N2.3trn external loan - Pointblank News<\/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:\/\/pointblanknews.com\/pbn\/exclusive\/buhari-seeks-senate-approval-for-fresh-n2-3trn-external-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buhari seeks Senate approval for fresh N2.3trn external loan - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The President, Major General Muhammadu Buhari (retd.), has asked the Senate to approve another N2.3trillion ($6.18bn) external loan. 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