Buhari requests Senate resolution to raise $2.786 billion from the international capital market

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The Federal Government is set to raise $2.786 billion dollars from the international capital market. This is one of the takeouts from today’s proceedings at the Senate.

The Senate had resumed today after several weeks of recess.

According to the Nigerian Senate, one of the letters from the president is a “request for the resolutions of the National Assembly on 1. the implementation of the new external capital raising of USD 2.786 billion from the international capital market approved in the 2018 appropriation act; and 2. the external capital raising of USD 82.54 million to refinance the balance of USD 500 million matured eurobond in the international capital market ”

Other letters sent from the president to the senate for deliberations include:

1. Presidential Decision to decline assent to The Chartered Institute of Entrepreneurship (Establishment) Bill, 2018;

2. Presidential Decision to decline assent to The Subsidiary Legislation (Legislative Scrutiny) Bill, 2018

3. Presidential Decision to decline assent to The National Agricultural Seeds Council Bill, 2018

4. Suppression of Piracy and other Maritime Offenses Bill (2018) for passage into law

5. Presidential Decision to decline assent to The National Institute of Hospitality and Tourism (Establishment) Bill, 2018;

 

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