{"id":30495,"date":"2021-05-18T12:54:35","date_gmt":"2021-05-18T11:54:35","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=30495"},"modified":"2021-05-18T12:54:35","modified_gmt":"2021-05-18T11:54:35","slug":"buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/","title":{"rendered":"Buhari seeks Senate\u2019s approval for $6.183bn external loan to run 2021 budget"},"content":{"rendered":"\n<p>Loveth Okoli<\/p>\n\n\n<p>President Muhammadu Buhari has sought the approval of Senate for a new external loan of $6.183 billion to fund the deficit of N5.602 trillion in 2021 Appropriation Act.<\/p>\n\n\n<p>Buhari\u2019s request is contained in a letter addressed to the President of Senate, Dr Ahmad Lawan and read at plenary on Tuesday.<\/p>\n\n\n<p>Buhari said the request was in line with the provision of Sections 21(1) and 27(1) of the Debt Management Office (DMO) Establishment Act 2003.<\/p>\n\n\n<p>He said the loan would be sourced from a combination of multilateral and bilateral lenders and International Capital Market (ICM) through issuance of Euro bonds.<\/p>\n\n\n<p>He noted that it was now possible for Nigeria to raise fund in the ICM, hence the proposal for the borrowing plan.<\/p>\n\n\n<p>He said accessing the ICM would be relatively cheaper, thereby moderating debt services cost and contribute to the level of external reserve.<\/p>\n\n\n<p>Account to him, the government estimates to raise N3 billion dollars but not more than $6.183 billion, being the amount presented in the 2021 appropriation act.<\/p>\n\n\n<p>He said the loan would be a combination tenors of between 5 and 30 years.<\/p>\n\n<!-- wp:themify-builder\/canvas \/-->","protected":false},"excerpt":{"rendered":"<p>Loveth Okoli President Muhammadu Buhari has sought the approval of Senate for a new external loan of $6.183 billion to fund the deficit of N5.602 trillion in 2021 Appropriation Act. Buhari\u2019s request is contained in a letter addressed to the President of Senate, Dr Ahmad Lawan and read at plenary on Tuesday. Buhari said the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[305],"class_list":["post-30495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-budget","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buhari seeks Senate\u2019s approval for $6.183bn external loan to run 2021 budget - The Freezone Channel<\/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:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buhari seeks Senate\u2019s approval for $6.183bn external loan to run 2021 budget - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"Loveth Okoli President Muhammadu Buhari has sought the approval of Senate for a new external loan of $6.183 billion to fund the deficit of N5.602 trillion in 2021 Appropriation Act. Buhari\u2019s request is contained in a letter addressed to the President of Senate, Dr Ahmad Lawan and read at plenary on Tuesday. Buhari said the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/\" \/>\n<meta property=\"og:site_name\" content=\"The Freezone Channel\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-18T11:54:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/07\/2019-budget.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"The Freezone Channel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Freezone Channel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/\",\"url\":\"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/\",\"name\":\"Buhari seeks Senate\u2019s approval for $6.183bn external loan to run 2021 budget - The Freezone Channel\",\"isPartOf\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/07\/2019-budget.png\",\"datePublished\":\"2021-05-18T11:54:35+00:00\",\"dateModified\":\"2021-05-18T11:54:35+00:00\",\"author\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/#\/schema\/person\/96bf776ac18c24b9af3209b53d6372d3\"},\"breadcrumb\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/#primaryimage\",\"url\":\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/07\/2019-budget.png\",\"contentUrl\":\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/07\/2019-budget.png\",\"width\":1200,\"height\":853},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thefreezonechannel.com\/old\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Buhari seeks Senate\u2019s approval for $6.183bn external loan to run 2021 budget\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/#website\",\"url\":\"https:\/\/thefreezonechannel.com\/old\/\",\"name\":\"The Freezone Channel\",\"description\":\"The Freezone Channel\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thefreezonechannel.com\/old\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/#\/schema\/person\/96bf776ac18c24b9af3209b53d6372d3\",\"name\":\"The Freezone Channel\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3f4e6030bdb5805ae43cd1d477fe145bf335374d0d4cf5fc6df5a21a74c2c20f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3f4e6030bdb5805ae43cd1d477fe145bf335374d0d4cf5fc6df5a21a74c2c20f?s=96&d=mm&r=g\",\"caption\":\"The Freezone Channel\"},\"sameAs\":[\"https:\/\/thefreezonechannel.com\"],\"url\":\"https:\/\/thefreezonechannel.com\/old\/author\/fzmainadmin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Buhari seeks Senate\u2019s approval for $6.183bn external loan to run 2021 budget - The Freezone Channel","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/","og_locale":"en_US","og_type":"article","og_title":"Buhari seeks Senate\u2019s approval for $6.183bn external loan to run 2021 budget - The Freezone Channel","og_description":"Loveth Okoli President Muhammadu Buhari has sought the approval of Senate for a new external loan of $6.183 billion to fund the deficit of N5.602 trillion in 2021 Appropriation Act. Buhari\u2019s request is contained in a letter addressed to the President of Senate, Dr Ahmad Lawan and read at plenary on Tuesday. Buhari said the [&hellip;]","og_url":"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/","og_site_name":"The Freezone Channel","article_published_time":"2021-05-18T11:54:35+00:00","og_image":[{"width":1200,"height":853,"url":"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/07\/2019-budget.png","type":"image\/png"}],"author":"The Freezone Channel","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The Freezone Channel","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/","url":"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/","name":"Buhari seeks Senate\u2019s approval for $6.183bn external loan to run 2021 budget - The Freezone Channel","isPartOf":{"@id":"https:\/\/thefreezonechannel.com\/old\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/#primaryimage"},"image":{"@id":"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/#primaryimage"},"thumbnailUrl":"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/07\/2019-budget.png","datePublished":"2021-05-18T11:54:35+00:00","dateModified":"2021-05-18T11:54:35+00:00","author":{"@id":"https:\/\/thefreezonechannel.com\/old\/#\/schema\/person\/96bf776ac18c24b9af3209b53d6372d3"},"breadcrumb":{"@id":"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/#primaryimage","url":"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/07\/2019-budget.png","contentUrl":"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2020\/07\/2019-budget.png","width":1200,"height":853},{"@type":"BreadcrumbList","@id":"https:\/\/thefreezonechannel.com\/old\/buhari-seeks-senates-approval-for-6-183bn-external-loan-to-run-2021-budget\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thefreezonechannel.com\/old\/"},{"@type":"ListItem","position":2,"name":"Buhari seeks Senate\u2019s approval for $6.183bn external loan to run 2021 budget"}]},{"@type":"WebSite","@id":"https:\/\/thefreezonechannel.com\/old\/#website","url":"https:\/\/thefreezonechannel.com\/old\/","name":"The Freezone Channel","description":"The Freezone Channel","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thefreezonechannel.com\/old\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/thefreezonechannel.com\/old\/#\/schema\/person\/96bf776ac18c24b9af3209b53d6372d3","name":"The Freezone Channel","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thefreezonechannel.com\/old\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3f4e6030bdb5805ae43cd1d477fe145bf335374d0d4cf5fc6df5a21a74c2c20f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3f4e6030bdb5805ae43cd1d477fe145bf335374d0d4cf5fc6df5a21a74c2c20f?s=96&d=mm&r=g","caption":"The Freezone Channel"},"sameAs":["https:\/\/thefreezonechannel.com"],"url":"https:\/\/thefreezonechannel.com\/old\/author\/fzmainadmin\/"}]}},"builder_content":"","_links":{"self":[{"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/posts\/30495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/comments?post=30495"}],"version-history":[{"count":0,"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/posts\/30495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/media\/23919"}],"wp:attachment":[{"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/media?parent=30495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/categories?post=30495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thefreezonechannel.com\/old\/wp-json\/wp\/v2\/tags?post=30495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}