{"id":31478,"date":"2024-05-16T06:20:45","date_gmt":"2024-05-16T06:20:45","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=31478"},"modified":"2024-05-16T06:20:45","modified_gmt":"2024-05-16T06:20:45","slug":"senate-greenlights-president-tinubus-500-million-loan-for-mass-metering-programme","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/05\/16\/senate-greenlights-president-tinubus-500-million-loan-for-mass-metering-programme\/","title":{"rendered":"Senate Greenlights President Tinubu&#8217;s $500 Million Loan for Mass Metering Programme"},"content":{"rendered":"<p>The Senate has granted President Bola Tinubu&#8217;s request to secure a $500 million loan aimed at financing the federal government&#8217;s mass metering initiative.<\/p>\n<p>Deputy Senate President, Barau Jibrin, presiding over the plenary, announced the approval following a majority voice vote in favor of the request.<\/p>\n<p>The upper chamber endorsed the funding for the Bureau of Public Enterprises (BPE) after reviewing a report from its Committee on Local and Foreign Debt, presented by Haruna Manu, the committee&#8217;s vice chairman.<\/p>\n<p>According to the Senate report, the objective of the program is to enhance the financial and technical performance of electricity distribution companies.<\/p>\n<p>The $500 million loan forms part of the $7.94 billion loan initially sought by President Tinubu on November 1st, 2023, under the 2022-2024 external borrowing plan. Additionally, the President also sought approval for a \u20ac100 million loan.<\/p>\n<p>However, during a special plenary on December 30, the Senate approved a borrowing of $7.4 billion after reviewing the report from the Committee on Local and Foreign Debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Senate has granted President Bola Tinubu&#8217;s request to secure a $500 million loan aimed at financing the federal government&#8217;s mass metering initiative. Deputy Senate President, Barau Jibrin, presiding over the plenary, announced the approval following a majority voice vote in favor of the request. The upper chamber endorsed the funding for the Bureau of [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":31515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-31478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/31478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=31478"}],"version-history":[{"count":2,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/31478\/revisions"}],"predecessor-version":[{"id":31518,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/31478\/revisions\/31518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/31515"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=31478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=31478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=31478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}