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.
The African Democratic Congress, ADC, has raised the alarm over what it described as an ‘appointment fiasco’ in the President...
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