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Home Latest News

JUST IN: Senate Approves Tinubu’s $2.2 Billion Loan Request

Kemi Sheriepha by Kemi Sheriepha
November 21, 2024
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The Senate has approved President Bola Tinubu’s loan request of $2.2 billion.

The Senate gave the approval on Thursday, November 21, following the review of a report presented by the Chairman of the Committee on Local and Foreign Debt, Aliyu Wamakko.

The amount approved translates to ₦1.7 trillion at an exchange rate of N800 per dollar, and is expected to cover the N9.1 trillion shortfall in the 2024 budget.

 

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Tags: Loan RequestNigerian SenateTinubu
Kemi Sheriepha

Kemi Sheriepha

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