₦1.77 trillion loan

  1. Senate Approves President Tinubu’s ₦1.77 Trillion Loan to Address Budget Deficit

    Nigeria Senate Approves President Tinubu’s ₦1.77 Trillion Loan to Address Budget Deficit

    The Nigerian Senate has approved President Bola Tinubu’s ₦1.77 trillion ($2.2 billion) loan request to address the 2024 budget deficit. This borrowing plan aims to finance fiscal shortfalls but raises concerns over Nigeria’s escalating debt servicing costs, which have surged by nearly 40% in...
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