President Bola Tinubu has written to the Senate, seeking approval to borrow a fresh $516,333,070 from Deutsche Bank.
Tinubu, in a letter to Senate President Godswill Akpabio, which was read during plenary on Thursday, said the loan is aimed at financing the Sokoto-Badagry Super Highway.
The president asked for an expeditious passage of the loan request.
Akpabio referred the letter to the Committee on Local and Foreign Debts for legislative action and a report back in one week.
Kaduna pensioners hail Uba Sani over N4.289bn gratuity payment
The latest development comes barely a few weeks after requested the Senate’s approval to secure external loans totaling $6 billion to support government financing needs.
Tinubu sought approval to obtain a $5 billion loan from Abu Dhabi Bank to help cover Nigeria’s budget deficit and support debt financing obligations.
He also asked the Senate to approve a $1 billion loan facility from London-based Citibank to fund the rehabilitation of key port infrastructure projects, including the Lagos Port Complex and the Tin Can Island Port.
President Bola Tinubu has approved the establishment of a community-based national social action fund task…
A final-year medical student at Obafemi Awolowo University (OAU) in Ile-Ife, Osun State, Adewole Emmanuel,…
Here are the latest developments in the Middle East war on Thursday, April 23, 2026:…
The Kaduna State Chapter of the Nigeria Union of Pensioners has praised Governor Uba Sani…
The Department of State Services (DSS) on Thursday arraigned former Kaduna State Governor Nasir El-Rufai…
A 17-year-old Lagos State University student, Eniola Ogunsiji, who had been reported missing for about…
This website uses cookies.