Opposition Rep, Agbese defends Tinubu's $21.7bn loan bid

Amid the condemnations trailing President Bola Tinubu's $21.7 cardinal supplementary outer borrowing plan, an absorption lawmaker, Philip Agbese, has defended the move.

The President had connected Tuesday sought the support of the National Assembly for caller $20.5 cardinal and €1.04 cardinal outer loans to money captious projects crossed the country.

Several absorption figures, including African Democratic Congress, ADC, statesmanlike candidate, Atiku Abubakar, and Nigeria Democratic Congress, NDC, flagbearer, Peter Obi, person criticised the move.

Atiku described the indebtedness determination arsenic a ploy by the Tinubu-led All Progressives Congress, APC, authorities to acceptable up slush funds for the 2027 predetermination campaigns.

However, Agbese, Labour Party, LP, person successful Benue State and subordinate representing Ado/Okpokwu/Ogbadibo Federal Constituency successful the House of Representatives, has differed with different absorption figures concerning the loan.

The lawmaker said the funds are justified by the Tinubu administration’s investments successful captious infrastructure and the gains recorded successful the information sector.

According to him, the borrowing is simply a strategical financing for productive nationalist assets, not depletion spending.

He urged Nigerians to look beyond partisan lenses and measure the tangible returns already visi...