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Buhari seeks debt relief for Nigeria, others – THE AUTHORITY NEWS


May 19, 2021
By Chesa Chesa
President Muhammadu Buhari has called on European countries and global financial institutions to consider reducing devastating effect of the Coronavirus pandemic on African economies by restructuring debt portfolios, opting for complete reliefs, and releasing vaccines to the continent, which is still behind in protecting majority of its citizens.
The President, who spoke Tuesday at the Financing Africa Summit held at Grande Palais Ephemere with the theme: “External Financing and debt Treatment”, holding in Paris, France, said the fall in commodity prices as Covid-19 took a toll on the global economy further slowed growth in some countries and strained health facilities. ....

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Press focuses on plans to borrow $6.183bn to fund 2021 budget deficit, others


Nigeria-Press-Review
May 19, 2021
to
10:12
151
APA – Lagos (Nigeria)
The request made by President Muhammadu Buhari to the National Assembly for approval to borrow fresh $6.183 billion to fund the 2021 budget deficit of N5.602 trillion dominates the headlines of Nigerian newspapers on Wednesday.
The Guardian reports that President Muhammadu Buhari, yesterday, wrote the National Assembly for approval to borrow fresh $6.183 billion (N2.343 trillion) to fund the 2021 budget deficit of N5.602 trillion.
Titled “Request for the resolution of the National Assembly to the implementation of the new external borrowing of N2.343 trillion, which is about $6.183 billion in the 2021 appropriation Act” and addressed to the Speaker of House of Representatives, Femi Gbajabiamila, the President explained that the fund would be sourced from multiple avenues, inclu ....

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