A contentious debate is brewing in the House of Representatives as lawmakers prepare to deliberate on President Bola Tinubu’s $2.2 billion (₦1.77 trillion) external loan request to fund the ₦9.7 trillion deficit in the 2024 budget. The Senate has already approved the loan, leaving the House to make its decision this week. EDITOR’S PICKS Japa: … Read more
The Nigerian Senate is set to approve President Bola Tinubu’s $2.2 billion (approximately ₦1.77 trillion) external loan request aimed at addressing the ₦9.7 trillion deficit in the 2024 budget. The request, outlined in letters presented during Tuesday’s plenary sessions of the Senate and House of Representatives, is part of the government’s external borrowing plan … Read more
President Bola Tinubu has submitted a request to the National Assembly for approval of a fresh external borrowing plan amounting to ₦1.767 trillion. The loan is intended to partially bridge the ₦9.7 trillion budget deficit in the 2024 appropriation act. The Speaker of the House of Representatives read the president’s request during Tuesday’s plenary. If … Read more
Eko Hot Blog reports that the Senate has approved President Tinubu’s request to borrow $7.8billion and €100 million as part of the 2022 – 2024 borrowing plan of the Federal Government. The request was approved after the Senate considered and adopted the report of its committee on Local and Foreign Debt during Saturday’s plenary. Tinubu … Read more
The Oyo State House of Assembly has approved Governor Seyi Makinde’s request for a new N50 billion loan. All the APC lawmakers who boycotted the meeting lost their re-election bids in their various constituencies during the just concluded 2023 general election. This marks the sixth loan request approved by the house since Makinde’s swearing-in in … Read more