Tinubu has formally requested the Senate’s approval for a new loan totaling $8.6 billion and €100 million, designated for crucial projects across diverse sectors of the economy. The Senate received the request letter at the beginning of Tuesday’s plenary, read by Senate President Godswill Akpabio. In the communication, Tinubu clarified that the request aligns with the 2022-2024 external borrowing plan endorsed during the administration of former President Muhammadu Buhari. The projects earmarked for funding through these loans were carefully selected based on economic assessments and their anticipated positive impact on…
Read MoreTinubu Seeks Senate Approval for $8.6 Billion and €100 Million Loan for Vital National Projects Amidst Unveiling of 2024 Budget and Fiscal Revisions
