President Tinubu Seeks Approval for Fresh $2.2bn External Loan

President Tinubu Seeks Approval for Fresh $2.2bn External Loan

President Bola Tinubu has written to the National Assembly for approval of a fresh $2.2 billion loan. According to a letter read during yesterday’s plenary by the Speaker of the House of Representatives, Tajudeen Abbas, if approved, the loan will be used to finance part of the budget deficit of N9.7tn in the 2024 budget. […]