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BREAKING: Tinubu seeks NASS nod for $6bn external loans

Published

7 months ago

on

President Bola Tinubu has requested approval from the National Assembly of Nigeria to secure external loans totalling $6 billion.

The request was conveyed in two separate letters addressed to the Senate President, Godswill Akpabio, and read during plenary on Tuesday.

In one of the letters, the president sought approval to obtain a $5 billion loan from First Abu Dhabi Bank as part of efforts to support government financing needs.

In another letter, the president sought approval to obtain a $1 billion UK export finance loan facility from Citibank in London.

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Pearl Essien is a digital content creator and a graduate of the prestigious University of Calabar. With over four years of experience in writing, she specializes in crafting engaging stories that inform and inspire readers. Outside of her work, Pearl enjoys storytelling, reading, and playing table tennis, bringing the same curiosity and passion to her hobbies as she does to her writing.

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