{"id":1621,"date":"2026-08-05T10:11:33","date_gmt":"2026-08-05T10:11:33","guid":{"rendered":"https:\/\/kufmtv.net\/?p=1621"},"modified":"2026-08-05T10:11:40","modified_gmt":"2026-08-05T10:11:40","slug":"nec-approves-refinancing-of-3-3bn-project-gazelle-to-optimise-cost-unlock-additional-liquidity","status":"publish","type":"post","link":"https:\/\/kufmtv.net\/index.php\/2026\/08\/05\/nec-approves-refinancing-of-3-3bn-project-gazelle-to-optimise-cost-unlock-additional-liquidity\/","title":{"rendered":"NEC APPROVES REFINANCING OF $3.3BN PROJECT GAZELLE TO OPTIMISE COST, UNLOCK ADDITIONAL LIQUIDITY"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

The National Economic Council (NEC) has approved the refinancing of the $3.3 billion Project Gazelle Pre-Export Finance Facility through a new US$4.5 billion facility named Project Gazelle 2.<\/p>\n\n\n\n

According to the Senior Special Assistant to Vice President Kashim Shettima on Media & Communications, the approval was the outcome of the 159th meeting of the National Economic Council (NEC) held virtually on Monday.<\/p>\n\n\n\n

The financing allows NNPC Limited to refinance the outstanding balance of approximately 1.5 billion dollars under the original 2023 facility, while unlocking an additional 3 billion dollars in liquidity to strengthen the country\u2019s external reserves and support ongoing fiscal and infrastructure priorities of the government.<\/p>\n\n\n\n

NEC\u2019s approval followed a presentation by the Minister of Finance, Dr Taiwo Oyedele, which was presented by VP Shettima, who doubles as the Chairman of the Council, underscoring the importance of the project.<\/p>\n\n\n\n

The council observed the significance of unlocking additional liquidity to the federation, among other benefits, pledging its support for the actualization of the initiative.<\/p>\n","protected":false},"excerpt":{"rendered":"

The National Economic Council (NEC) has approved the refinancing of the $3.3 billion Project Gazelle Pre-Export Finance Facility through a 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News<\/a>","rttpg_excerpt":"The National Economic Council (NEC) has approved the refinancing of the $3.3 billion Project Gazelle Pre-Export Finance Facility through a 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