President Tinubu Writes Senate, Wants Approval Of $7.8bn, $100m 2022-2024 Borrowing Plan

 President Tinubu has written a letter to the Senate, asking it to approve the sums of $7.8 billion and €100 million in his administration’s proposed 2022–2024 borrowing plan.

In a letter read by Senate President Godswill Akpabio on the floor of the Red Chamber on Wednesday, Tinubu 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.

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Tinubu asked the Senate to give the request a speedy consideration.

SP Akpabio referred the proposal to the committee of the foreign desk, finance, and national planning for deliberation.