{"id":307455,"date":"2024-01-26T11:26:33","date_gmt":"2024-01-26T10:26:33","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=307455"},"modified":"2024-01-26T11:26:33","modified_gmt":"2024-01-26T10:26:33","slug":"presidency-replies-atiku-over-comment-on-tinubus-3-3bn-nnpc-loan","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/01\/26\/presidency-replies-atiku-over-comment-on-tinubus-3-3bn-nnpc-loan\/","title":{"rendered":"Presidency replies Atiku over comment on Tinubu\u2019s $3.3bn NNPC loan"},"content":{"rendered":"<ul>\n<li><strong>The current administration secured a loan through the NNPC with the apex petroleum company saying it was to help give support to the Naira and stabilize the foreign exchange market<\/strong><\/li>\n<li><strong>Atiku demanded explanation for Nigerians\u00a0<\/strong><\/li>\n<\/ul>\n<p>The Presidency has reacted to the 2023 Peoples Democratic Party, PDP, presidential candidate, Atiku Abubakar\u2019s remark regarding President Bola Tinubu\u2019s $3.3 billion emergency crude repayment loan secured by the Nigeria National Petroleum Company, NNPCL.<\/p>\n<p>Atiku said Tinubu\u2019s administration owes Nigerians an explanation over a $3.3 billion loan secured by the <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/01\/26\/atiku-urges-transparency-as-questions-surround-nnpcs-3-3-billion-emergency-loan\/\" target=\"_blank\" rel=\"noopener\">NNPCL<\/a>.<\/p>\n<p>Recall that on August 16, 2023 the current administration secured the loan through the NNPC with the apex petroleum company saying it was to help give support to the Naira and stabilize the foreign exchange market.<\/p>\n<p>Atiku said the curious thing about the transaction is that up till now, the Federal Government continues to keep mum about it, with the only information available to the public on the mega deal coming only through unofficial sources from the NNPCL.<\/p>\n<p>The deal is supposed to be a crude-for-cash loan arranged by the African Export-Import Bank.<\/p>\n<p>Reacting, Tinubu\u2019s Senior Special Assistant on Digital\/New Media, Otega Ogra, said the president has educated Nigerians on the issues of the loan.<\/p>\n<p>Posting on X, Ogra wrote: \u201cDear VP @atiku (1999-2007),<\/p>\n<p>\u201cPresident Bola Tinubu\u2019s administration has taken the time to educate all Nigerians further on the loan at various times \u2013 the latest being four days ago.<\/p>\n<p>\u201cWe also enjoin you, sir, to please share your thoughts on the medium post, which is more comprehensive. Thank you, Your Excellency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The current administration secured a loan through the NNPC with the apex petroleum company saying it was to help give support to the Naira and stabilize the foreign exchange market Atiku demanded explanation for Nigerians\u00a0 The Presidency has reacted to the 2023 Peoples Democratic Party, PDP, presidential candidate, Atiku Abubakar\u2019s remark regarding President Bola Tinubu\u2019s [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":297893,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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