• Home
  • About Us
  • Contact Us
Sunday, July 13, 2025
Reflector TV
No Result
View All Result
  • Home
  • Menu 1
    • Latest News
    • Politics Today
    • Arts & Short Stories
    • Food and Recipe
    • Gospel News Today
    • Health & Fitness
    • Interview
    • Nigerian Movie Today
    • Big Brother Show
    • Niger Delta Today
    • Education News
    • Featured
    • Live Service Streams
    • Entertainment News
    • Online Comedy Skits
    • TV Reality Shows
  • NSPPD Live Prayers Today
  • Daily Devotional and Message
  • Prophetic Prayers and Declarations
  • TV Reality Shows
  • Home
  • Menu 1
    • Latest News
    • Politics Today
    • Arts & Short Stories
    • Food and Recipe
    • Gospel News Today
    • Health & Fitness
    • Interview
    • Nigerian Movie Today
    • Big Brother Show
    • Niger Delta Today
    • Education News
    • Featured
    • Live Service Streams
    • Entertainment News
    • Online Comedy Skits
    • TV Reality Shows
  • NSPPD Live Prayers Today
  • Daily Devotional and Message
  • Prophetic Prayers and Declarations
  • TV Reality Shows
No Result
View All Result
No Result
View All Result

Nigerian House of Reps gives nod for Buhari’s $22.79bn Foreign Loan Request

Victor Oroyi by Victor Oroyi
June 2, 2020
in Latest News
0

Nigerian House of Reps gives nod for Buhari’s $22.79bn Foreign Loan Request

Nigerian House of Reps gives nod for Buhari’s $22.79bn Foreign Loan Request

The House of Representatives has approved President Muhammadu Buhari’s request to borrow foreign loans to the sum of $22.79bn for the Federal Government.

READ ALSO

BMA 2025: Organisers Call for Volunteers

AADARAI Seeks NAPTIP Bayelsa Partnership Against Drug Abuse

According to the Government, the loans are part of the 2016–2018 Federal Government External Borrowing (Rolling) Plan laid before the House on March 5, 2020, before the President’s fresh loan request of $5.5 billion on May 28, 2020.

The Senate had approved the loan on March 6 but the House suspended its consideration of the request indefinitely.

Almost two months later, Speaker of the House, Femi Gbajabiamila, on Tuesday explained why the lawmakers suspended the consideration of the loan request.

While presiding over Tuesday’s plenary, Gbajabiamila stated that the suspension was due to the protest by National Assembly members from the South-East over the exclusion of the geopolitical zone.

Chairman of the Committee on Loans and Debt Management, Ahmed Safana, presenting his report, notified the lawmakers that the Port Harcourt-Maiduguri rail line project had been inserted into the borrowing plan.

In its recommendation, the committee asked the Federal Government to source funding for the Port Harcourt-Maiduguri rail line in the next borrowing plan.

Below is the breakdown of the loans.

• World Bank – 2, 854, 000, 000

• African Development Bank – 1,888, 950, 000

• Islamic Development Bank – 110,000,000

• JICA – 200,000,000

• German Development Bank – 200,000,000

• China Eximbank – 17,065, 496,773

• AFD – 480,000,000

Total = 22, 798, 446, 773

Culled from Channels TV

Tags: House of RepresentativesPresident Muhammadu Buhari

Related Posts

BMA 2025: Organisers Call for Volunteers
Latest News

BMA 2025: Organisers Call for Volunteers

July 11, 2025
AADARAI Seeks NAPTIP Bayelsa Partnership Against Drug Abuse
Latest News

AADARAI Seeks NAPTIP Bayelsa Partnership Against Drug Abuse

July 5, 2025
First News Partners Bayelsa Media Awards for 12th Edition
Latest News

First News Partners Bayelsa Media Awards for 12th Edition

July 5, 2025
Rivers Culture Takes Center Stage at NURSS Cultural Day in FUO
Latest News

Rivers Culture Takes Center Stage at NURSS Cultural Day in FUO

July 5, 2025
‘I didn’t believe I Will Be Here’, Justice Umokoro Declares As He Regains Freedom
Latest News

‘I didn’t believe I Will Be Here’, Justice Umokoro Declares As He Regains Freedom

July 3, 2025
Bayelsa Government Commemorates International Day Against Drug Abuse, Illicit Trafficking
Latest News

Bayelsa Government Commemorates International Day Against Drug Abuse, Illicit Trafficking

July 3, 2025
Next Post
Tina Ezekwe: Our officers responsible for teenager’s death — Lagos Police

Tina Ezekwe: Our officers responsible for teenager's death — Lagos Police

No Result
View All Result
  • Ernest Sisei Ikoli: Why Nigerian Government Should Name Otueke Varsity After With His Name
  • NSPPD Mid Year Fasting 13 July 2025 – Day 14 Prayers Points and Declarations
  • NSPPD Mid Year Fasting 12 July 2025 – Day 13 Prayer Points and Declarations
  • ‘First Give Yourself the Platform’ KidBaby tells Isbae U on Curiosity Made Me Ask
  • BMA 2025: Organisers Call for Volunteers
  • Home
  • About Us
  • Contact Us

Copyright © 2025 Reflectortv24.com - All Rights Reserved.

No Result
View All Result
  • Home
  • Menu 1
    • Latest News
    • Politics Today
    • Arts & Short Stories
    • Food and Recipe
    • Gospel News Today
    • Health & Fitness
    • Interview
    • Nigerian Movie Today
    • Big Brother Show
    • Niger Delta Today
    • Education News
    • Featured
    • Live Service Streams
    • Entertainment News
    • Online Comedy Skits
    • TV Reality Shows
  • NSPPD Live Prayers Today
  • Daily Devotional and Message
  • Prophetic Prayers and Declarations
  • TV Reality Shows

Copyright © 2025 Reflectortv24.com - All Rights Reserved.