BREAKING: Senate okays N1.77tr external loan request by Tinubu
The Senate on Thursday, November 21, approved President Bola Ahmed Tinubu’s request for a new eternal borrowing of N1,767,610,321,779.00 or (USD2.209billion in the 2024 Appropriation Act.
The resolution of the Senate followed its consideration of the report of the Senate Committee on Local and Foreign Debt and the approval of its recommendations by the Senate during plenary.
The Chairman of the Senate Committee on Local and Foreign Debt, Senator Aliyu Wamakko, presented the report.
The President’s request was contained in a letter read by the Senate President, Godswill Akpabio, during the plenary on Tuesday.
