President Bola Tinubu has asked the Senate to approve the
sums of $7.8 billion and €100 million in his administration’s proposed
2022–2024 borrowing plan.
Tinubu’s request was contained in a letter read by Senate
President Godswill Akpabio on the floor of the Red Chamber on Wednesday.
The President also disclosed that the World Bank Group
initiated an interest in providing funding support of $1 billion and $2 billion
to mitigate the economic shocks and recent reforms in the country.
The President asked the Senate to give the request a speedy
consideration.
Akpabio referred the proposal to the committee of the
foreign desk, finance, and national planning for further deliberation.
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