President Buhari Requests Fresh Loan Of $4bn And €710m
Sep 15, 2021 ·
1m 8s
President Muhammadu Buhari has written to the National Assembly, seeking approval to borrow the sum of $4,054,476,863 and €710 million. President Buhari explained that owing to emerging needs there is...
show more
President Muhammadu Buhari has written to the National Assembly, seeking approval to borrow the sum of $4,054,476,863 and €710 million.
President Buhari explained that owing to emerging needs there is a need to raise more funds for some critical projects.
He says the projects listed in the addendum to the 2018-2021 Federal Government External Borrowing Plan, are to be financed through sovereign loans from the World Bank, French Development Agency, China-Exim Bank, International Fund For Agriculture Development, Credit Suisse Group and Standard Chartered/China Export and Credit in the total sum of USD4 billion plus Euro 710 million grant component of USD 125,000,000.00.
show less
President Buhari explained that owing to emerging needs there is a need to raise more funds for some critical projects.
He says the projects listed in the addendum to the 2018-2021 Federal Government External Borrowing Plan, are to be financed through sovereign loans from the World Bank, French Development Agency, China-Exim Bank, International Fund For Agriculture Development, Credit Suisse Group and Standard Chartered/China Export and Credit in the total sum of USD4 billion plus Euro 710 million grant component of USD 125,000,000.00.
Information
Copyright 2024 - Spreaker Inc. an iHeartMedia Company
