News | Events | Digital PR | Advertising

Home Features President Tinubu Seeks National Assembly Approval for $8.6bn, €100m External Loans
FeaturesNews

President Tinubu Seeks National Assembly Approval for $8.6bn, €100m External Loans

Share
Share

President Bola Tinubu has written the National Assembly seeking the approval for $8.6bn and €100m external borrowing plan for investing in power, roads, water, railway, and healthcare.

President Tinubu’s request was contained in a letter read by the President of the Senate, Godswill Akpabio, during plenary on Tuesday.

In the letter, President Tinubu said the loan was first requested during the administration of former President Muhammadu Buhari under the 2022 – 2024 external borrowing plan.

This is the second time the president will be requesting permission of the lawmakers to obtain foreign loan under the 2022 – 2024 external borrowing plan initiated by Buhari before he left office in May.

On November 1, President Tinubu asked the National Assembly to grant him permission to go ahead with with the processing of a loan facility of $7.86 billion and €100 million requested during the administration of Buhari as part of the external borrowing plan of 2022 – 2024.

That loan request has not been granted since it was requested.

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Featureshealth

Men Taking Ozempic Report Genital Size Increase — Experts Point to Fat Loss

Ozempic has been hailed as a game-changer in the worldwide battle against...

FeaturesPolitics

Governor Alex Otti Reaffirms Support for President Bola Tinubu’s Economic Reforms

Abia State Governor, Dr. Alex Otti, has reiterated his unwavering support for...

EntertainmentFeatures

TikTok Most Followed, Khaby Lame, Was Detained In The US

The world’s most followed Tiktoker with over 162 million followers, Khaby Lame,...

News

Kemi Badenoch Proposed a New Law Immigration Rules, Extending British Citizenship Waiting Period

UK Conservative Party leader Kemi Badenoch has unveiled a new immigration proposal...