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NASS Passes Electoral Act Amendment Bill, Approves Electronic Transmission Of Results

Senate approves Buhari’s loan request of $16bn, €1bn

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Home » Senate approves Buhari’s loan request of $16bn, €1bn

Senate approves Buhari’s loan request of $16bn, €1bn

by LiveFromNaija News
November 10, 2021
in Politics
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NASS Passes Electoral Act Amendment Bill, Approves Electronic Transmission Of Results
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The Senate approved a total of $16,230,077,718, €1,020,000,000, and a donation of $125,000,000 as foreign loans for the regime of President Muhammadu Buhari to support legacy projects on Wednesday.

According to PUNCH newspaper, the red chamber explicitly authorized the issuance of €500,000,000 from the Bank of Industries and a €750,000,000 Eurobond in the International Capital Market.

It requested that the President disclose to the National Assembly the terms and circumstances of the funding agencies’ loans.

Following review of the findings of the Committee on Local and Foreign Debts, chaired by Senator Clifford Ordia, the Senate gave its approval.

Tags: Loan requestSenate

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