Tinubu seeks Senate’s approval for fresh $516.3m loan

President Bola Tinubu has requested the support of the Senate for a caller $516.3 cardinal indebtedness from Deutsche Bank to concern a roadworthy project.

The petition was contained successful a missive addressed to Senate President Godswill Akpabio and work during plenary connected Thursday.

According to the letter, the projected indebtedness volition beryllium utilized to money Sections 1, Phase 1a and 1b of the Sokoto–Badagry Superhighway, a cardinal transport corridor expected to agelong astir 1,000 kilometres successful total, with the existent signifier covering 120 kilometres.

Tinubu urged the Senate to springiness the petition expeditious consideration.

After speechmaking of the letter, Akpabio referred it to the Senate Committee connected Local and Foreign Debts for further legislative action.

The committee was directed to study backmost successful 1 week.

Tinubu seeks Senate’s support for caller $516.3m loan