{"id":10968,"date":"2026-03-31T20:51:29","date_gmt":"2026-03-31T20:51:29","guid":{"rendered":"https:\/\/beadysword.com.ng\/blog\/?p=10968"},"modified":"2026-03-31T20:52:22","modified_gmt":"2026-03-31T20:52:22","slug":"senate-approves-tinubus-fresh-6bn-loan-request","status":"publish","type":"post","link":"https:\/\/beadysword.com.ng\/blog\/2026\/03\/31\/senate-approves-tinubus-fresh-6bn-loan-request\/","title":{"rendered":"Senate approves Tinubu\u2019s Fresh $6bn loan request"},"content":{"rendered":"<div id=\"mvp-content-body-top\" class=\"left relative\">\n<div id=\"mvp-content-main\" class=\"left relative\">\n<p>The Nigerian Senate has approved the request of President Bola Tinubu to go for external loans totalling $6 billion.<\/p>\n<p>The approval is coming barely four hours after the Senate President, Godswill Akpabio, read the letter from the President, seeking the approval.<\/p>\n<p>The red chamber of the National Assembly approved the loans after the presentation and consideration of a report by the Senator Aliyu Wamakko-led Committee on Local and Foreign Debts.<\/p>\n<div class=\"code-block code-block-18\">\n<div align=\"center\">\n<div id=\"div-gpt-ad-1524595905268-5\" data-_bound=\"1\" data-_defined=\"1\" data-google-query-id=\"COrF2O-Ay5MDFeMG2wEdgcAYEw\">\n<div data-ad-curtain=\"placeholder\">\n<div data-ad-curtain=\"container\">\n<div data-ad-curtain=\"decoy\"><\/div>\n<div data-ad-curtain=\"curtain\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>President Tinubu\u2019s latest loan request was contained in two separate letters addressed to the President of the Senate, which were read during plenary on Tuesday.<\/p>\n<p>In the first letter, Tinubu requested approval to establish a structured total return swap (TRS) external financing programme of up to $5 billion with First Abu Dhabi Bank of the United Arab Emirates.<\/p>\n<p>The President, in the second letter, also asked the Senate to approve a $1 billion UK export finance loan facility arranged by Citibank, London branch.<\/p>\n<p>He said that the loan would be used for the reconstruction and rehabilitation of the Lagos Port Complex and Tin Can Island Port.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian Senate has approved the request of President Bola Tinubu to go for external loans totalling $6 billion. The approval is coming barely four hours after the Senate President, Godswill Akpabio, read the&#46;&#46;&#46;<\/p>\n","protected":false},"author":2,"featured_media":10969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-10968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/10968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=10968"}],"version-history":[{"count":1,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/10968\/revisions"}],"predecessor-version":[{"id":10970,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/10968\/revisions\/10970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/media\/10969"}],"wp:attachment":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=10968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=10968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=10968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}