‘Something is not adding up’ - Analyst questions Tinubu’s $20.5bn loan request

Economic and fiscal expert Emmanuel Kelvin has questioned President Bola Tinubu’s administration’s $20.5 cardinal and €1.45 cardinal caller outer borrowing request.

In an interrogation connected Channels Television, Kelvin argued that rising crude lipid prices of $145 per tube should construe into accrued authorities gross successful Nigeria.

His remarks travel amid contention surrounding President Tinubu’s petition for a $20.5 cardinal and €1.45 cardinal supplementary borrowing bundle to money infrastructure, agriculture and education.

Kelvin questioned wherefore the Federal Government was seeking further loans contempt the summation successful crude lipid prices, which could perchance boost Nigeria’s gross from lipid exports.

According to him, the government’s borrowing plans rise questions astir the narration betwixt rising crude lipid prices and the country’s expected revenue.

“So, if crude lipid prices are this precocious and you are expected to get gross accretion from higher crude lipid prices, wherefore are you going to get $20bn for infrastructure, agriculture and education? Something is not adding up,” helium said.

DAILY POST reports that the projected borrowing bundle includes $20.5 cardinal and €1.45 cardinal successful supplementary financing.

However, the borrowin...