President Bola Tinubu has asked the House of Representatives to approve external loans totalling $20.52 billion and €1.045 billion to fund key national projects.
The request, made in a recent statement to the legislature, aims to secure additional financing for a range of development initiatives across Nigeria.
According to the source, the loans would provide the capital needed to advance the government’s infrastructure and economic agenda.
The total amount of the external borrowing is $20.52 billion and €1.045 billion, a figure that the House will now review and decide whether to approve.
Approval of the loans would enable the administration to move forward with its planned projects, reflecting a broader strategy to attract foreign investment and support national development goals.
<small>Source: Punch Nigeria — read the original story there.</small>