Tinubu Seeks Reps' Nod For External Loans
President Bola Tinubu has asked the House of Representatives to approve external borrowing facilities totalling $20.52bn and €1.045bn. The proposed loans are intended to finance projects and programmes in infrastructure, agriculture, healthcare, education, water supply, security and employment generation.
The request adds to the ongoing debate over how Nigeria can finance its infrastructure and development needs while managing its public debt obligations. Will the proposed loans improve infrastructure in your state?
This story is based on reporting by Punch, written in our own words and checked against that report before publishing. Spotted an error? Report it.
Get the day's top stories on WhatsApp
