{"id":25605,"date":"2020-05-28T16:44:04","date_gmt":"2020-05-28T16:44:04","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=25605"},"modified":"2020-05-28T16:44:04","modified_gmt":"2020-05-28T16:44:04","slug":"buhari-write-reps-seeks-1bn-loan-facility-from-world-bank","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-write-reps-seeks-1bn-loan-facility-from-world-bank","title":{"rendered":"Buhari write Reps, seeks $1bn loan facility from World Bank"},"content":{"rendered":"

Africa Press-Nigeria:<\/p>\n

President Muhammadu Buhari has written to the House of Representatives for loan approval of $1 billion for states due to the COVID-19 outbreak.<\/p>\n

Buhari in a letter read by the Speaker, Femi Gbajabiamila said the loan will support the states to ensure food security and economic stability.<\/p>\n

According to the letter, $500 million will be a World Bank project for \u201cfiscal transparency and sustainability programme to provide support for states.\u201d<\/p>\n

The other $500 million is \u201cCOVID-19 recovery and economic stimulus programme to support state\u2019s effort to maintain livelihood and ensure food stability.\u201d<\/p>\n

The president noted that, \u201cStates are also experiencing fiscal challenges as a result of COVID-19 pandemic.\u201d<\/p>\n

According to the letter, the federal government will among others also take a $500 million from World Bank for the provision of critical medical supplies to combat COVID-19.<\/p>\n

Also, another \u20ac995 million from the Export-Import Bank of Brazil to enhance the mechanization of Agriculture and Agro-processing.<\/p>\n

Meanwhile, the House also received the amendment to the 2020 appropriation act.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa Press-Nigeria: President Muhammadu Buhari has written to the House of Representatives for loan approval of $1 billion for states due to the COVID-19 outbreak. Buhari in a letter read by the Speaker, Femi Gbajabiamila said the loan will support the states to ensure food security and economic stability. According to the letter, $500 million […]<\/p>\n","protected":false},"author":62,"featured_media":19506,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[97,1451,1131],"class_list":["post-25605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-buhari","tag-covid-19","tag-house-of-reps"],"yoast_head":"\nBuhari write Reps, seeks $1bn loan facility from World Bank - Nigeria<\/title>\n<meta name=\"description\" content=\"Africa Press-Nigeria:President Muhammadu Buhari has written to the House of Representatives for loan approval of $1 billion for states due to the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-write-reps-seeks-1bn-loan-facility-from-world-bank\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buhari write Reps, seeks $1bn loan facility from World Bank\" \/>\n<meta property=\"og:description\" content=\"Africa Press-Nigeria:President Muhammadu Buhari has written to the House of Representatives for loan approval of $1 billion for states due to the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-write-reps-seeks-1bn-loan-facility-from-world-bank\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-28T16:44:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2019\/12\/House-of-Reps-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"727\" \/>\n\t<meta property=\"og:image:height\" content=\"465\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\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\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-write-reps-seeks-1bn-loan-facility-from-world-bank#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-write-reps-seeks-1bn-loan-facility-from-world-bank\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"Buhari write Reps, seeks $1bn loan facility from World Bank\",\"datePublished\":\"2020-05-28T16:44:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-write-reps-seeks-1bn-loan-facility-from-world-bank\"},\"wordCount\":173,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-write-reps-seeks-1bn-loan-facility-from-world-bank#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2019\/12\/House-of-Reps-3.jpg\",\"keywords\":[\"Buhari\",\"COVID-19.\",\"House of Reps\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-write-reps-seeks-1bn-loan-facility-from-world-bank#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-write-reps-seeks-1bn-loan-facility-from-world-bank\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/buhari-write-reps-seeks-1bn-loan-facility-from-world-bank\",\"name\":\"Buhari write Reps, seeks $1bn loan facility from World Bank - 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