{"id":42048,"date":"2021-04-29T20:26:43","date_gmt":"2021-04-29T20:26:43","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/?p=42048"},"modified":"2021-04-29T19:42:56","modified_gmt":"2021-04-29T19:42:56","slug":"debt-reps-okay-1-5-billion-e995-million-loans-without-terms-condition","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/debt-reps-okay-1-5-billion-e995-million-loans-without-terms-condition","title":{"rendered":"Debt: Reps okay $1.5 billion, \u20ac995 million loans without terms, condition"},"content":{"rendered":"

Africa-Press<\/a> – Nigeria<\/a>. <\/strong><\/span>The House of Representatives has asked the Executive to send the terms and conditions of the loan it approved.<\/p>\n

The green chamber concurred with the senate, who had last week approved the request by the government to borrow $1.5 billion and \u20ac995 million to finance key priority projects.<\/p>\n

Following the consideration of the report of the House committee on aids, loans and grant by the Committee on Supply, the green chamber approved the loan.<\/p>\n

The President, Muhamadu Buhari had sent a letter to the House in May 2020, requesting the approval of the House to borrow the loans.<\/p>\n

However, the lawmakers, after approving the loan requested that the executive should send the terms and agreement of the loans to the House.<\/p>\n

\u201cThat the terms and conditions of the loans from each Lender as contained in a duly executed Loan Agreements be forwarded to the National Assembly for proper documentation.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The House of Representatives has asked the Executive to send the terms and conditions of the loan it approved. The green chamber concurred with the senate, who had last week approved the request by the government to borrow $1.5 billion and \u20ac995 million to finance key priority projects. Following the consideration of […]<\/p>\n","protected":false},"author":84,"featured_media":42047,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28,26],"tags":[1570,2140,531,254,1589],"class_list":["post-42048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-debt","tag-nigeria","tag-reps"],"yoast_head":"\nDebt: Reps okay $1.5 billion, \u20ac995 million loans without terms, condition - Nigeria<\/title>\n<meta name=\"description\" content=\"The House of Representatives has asked the Executive to send the terms and conditions of the loan it approved. 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