President Bola Tinubu Affirms Administration’s Commitment Amidst Inherited Liabilities, Advances Multibillion-Dollar Infrastructure Finance Facility Negotiations

President Bola Tinubu, during his visit to Mecca, Saudi Arabia on Monday evening, acknowledged inheriting substantial liabilities from the previous government but asserted a commitment to avoid making excuses. Simultaneously, the President announced advancements in negotiations for a multi-billion dollar infrastructure finance facility from the Islamic Development Bank. The funds are intended to support a diverse portfolio of infrastructure projects at both federal and sub-national levels in Nigeria. This significant development followed substantive investment discussions between President Tinubu and Dr. Mansur Muhtar, the Vice-President (Country Programs) of the Islamic Development…

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