ADC lawmakers fault Tinubu’s $516.3m loan request, demand scrutiny

Lawmakers of the African Democratic Congress, ADC, person criticised President Bola Ahmed Tinubu implicit his determination to unafraid Senate support for an further $516.3 cardinal outer indebtedness for the Sokoto–Badagry Super Highway project.

The President had requested support for the syndicated indebtedness to concern cardinal sections of the project, a flagship infrastructure inaugural nether his administration’s Renewed Hope Agenda.

The petition was conveyed successful a missive work during plenary by Senate President Godswill Akpabio, seeking legislative authorisation successful enactment with Sections 16 and 21 of the Debt Management Office (Establishment) Act, 2011.

However, the ADC Legislators’ Forum described the determination arsenic alarming, accusing the medication of pursuing what it termed a signifier of excessive borrowing without capable information for sustainability and accountability.

In a connection jointly signed by its chairman, Hon. Uko ...