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President Bola Tinubu is seeking the approval of the Senate to borrow a fresh $516,333,070 loan.
According to a letter to the President of the Senate, Senator Godswill Akpabio, which was read on Thursday during plenary, the loan will be obtained from Deutsche Bank.
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The fresh loan is meant to finance the already approved borrowing plan for it. Sokoto-Badagry 1,000 Super Highway.
The president’s letter was referred to the Committee on Local and Foreign Debts for legislative action by Akpabio, with a report expected in a week’s time.
