BREAKING: Senate Approves Tinubu’s N1.77 Trillion External Loan Request

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.

In the letter, Tinubu explained that the external loan would be part of the funds that will be used to finance the N28.7 trillion 2024 Appropriation.

Also Read:  Nigeria, France Sign Letters Of Intent On Critical Infrastructure As Zenith Bank Opens Paris Branch

President Tinubu noted that his request was in accordance with the provisions of Sections 21 (1) and 27 (1) of the Debt Management Office and the approval of the Federal Executive Council (FEC).

WARNING: If You Are Not 18+, Don’t Click The Link Below 👇🫣 

https://headacheaim.com/kx6iepv2qm?key=6c14bd1d68e1eba721851f19778f5efe

Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it.
Drop your comment in the section below, and don’t forget to share the post.

Never Miss A Single News Or Gists, Kindly Join Us On WhatsApp Channel:
https://whatsapp.com/channel/0029Vad8g81Eawdsio6INn3B

Telegram Channel:
https://t.me/gistsmateNG

Leave a Reply

Your email address will not be published. Required fields are marked *

Go Up