Senate okays Tinubu’s $2.8bn loan, $500m Sukuk for infrastructure
submitted about 1 year ago by uzong
submitted about 1 year ago by uzong
- The Senate has approved President Bola Tinubu's request for $2.347 billion in new foreign loans to help finance the 2025 budget deficit and refinance existing debts.
- While some critics are concerned about Nigeria's rising debt, government officials argue that this borrowing is necessary for economic growth and infrastructure development.
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