Breaking: Senate Approves Tinubu’s $2.2 Billion Loan Request
The Nigerian Senate on Thursday, approved the $2.2 billion loan request from President Bola Tinubu.
The Senate gave the approval 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.
Details later…
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