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Tinubu Urges Senate Approval for $7.8bn and $100m Borrowing Plan for 2022-2024



In a bid to support the administration’s proposed borrowing plan for 2022-2024, President Bola Tinubu has requested the Senate’s approval for $7.8 billion and €100 million.

This request was communicated through a letter read by Senate President Godswill Akpabio during a session in the Red Chamber on Wednesday.

Furthermore, President Tinubu revealed that the World Bank Group has expressed interest in offering financial assistance of $1 billion and $2 billion to mitigate the economic shocks and recent reforms in the country.

The President appealed to the Senate to expedite the consideration of the request.

Consequently, Akpabio referred the proposal to the foreign desk, finance, and national planning committee for further discussion.

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