President Bola Tinubu don ask National Assembly to approve foreign loans wey worth $20.5 billion and €1.05 billion under the 2026–2027 Supplementary External Borrowing Plan.
Tinubu Ask National Assembly to Approve $20.5bn and €1.05bn Foreign Loan
President Bola Tinubu don ask National Assembly to approve foreign loans wey worth $20.5 billion and €1.05 billion under the 2026–2027 Supplementary External Borrowing Plan.
For letter wey Senate President Godswill Akpabio read during plenary on Tuesday, Tinubu explain say dem go use the money for projects wey concern electricity, transport, healthcare, agriculture, education, water supply and security.
E add say the loans go also support job creation, skill acquisition, business development and poverty reduction across the 36 states and FCT.
Akpabio don send the request give Senate Committees on Local and Foreign Debts and Appropriations to review am. The committees get one week to submit their report.
The request come as concerns dey rise over Nigeria public debt and the amount of government money wey dem dey use pay debt.
Recall say National Assembly approve $6 billion foreign loan plan for March, plus another $516.3 million loan for Sokoto–Badagry Superhighway.
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