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Thursday, April 23, 2026

BREAKING: Tinubu seeks Senate approval for fresh $516m loan

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President Bola Tinubu has written to the Senate to seek an approval for a $516,333,007 million loan from a Deutsche bank to fund the execution of Sections 1, Phase 1a and 1b of the Sokoto-Badagry Superhighway.

The letter was addressed to Senate President Godswill Akpabio and read during plenary on Thursday.

President Tinubu in the letter is asking for an expeditious passage.

Akpabio referred the letter to the Committee on Local and Foreign Debts for legislative action and a report back in one week.

READ ALSO:  It is inaccurate to blame Tinubu for ADC crisis --- APC chieftain

More details to follow….

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