Reps Approve Tinubu’s Additional $347m Loan Request for 2025–2026 Borrowing Plan

Reps approve Tinubu’s additional $347m loan request for 2025–2026 borrowing plan

The House approved the loan request after the consideration and adoption of a report presented by its Committee on Aids, Loans, and Debt Management during Wednesday’s plenary session.

More loans, more debt: Tinubu seeks fresh $347m amid soaring national burden

President Bola Tinubu is seeking legislative approval to borrow $347 million to finance the Lagos-Calabar Coastal Highway, whose cost has ballooned.

Reps Approve $347m Loan for Lagos-Calabar Highway, Other Projects  - Economi Confidential

Reps Approve $347m Loan for Lagos-Calabar Highway, Other Projects  The House of Representatives, on Wednesday, approved President Bola Tinubu’s request to the National Assembly, seeking approval to borrow $347m under the 2025–2026 borrowing plan. The Speaker of the House of Representatives, Tajudeen Abbas, read the President’s correspondence on the floor of the Green Chamber during […] The post Reps Approve $347m Loan for Lagos-Calabar Highway, …

Tinubu Requests National Assembly’s Approval for Additional $347m Foreign Loan

By Tracy Moses President Bola Ahmed Tinubu has written to the National Assembly seeking approval for an extra $347 million in external financing under the adjusted 2025–2026 borrowing framework. The request was conveyed during Wednesday’s plenary session in the House of Representatives, where Speaker Tajudeen Abbas read the President’s letter before lawmakers. According to the President, the new loan request is necessitated by rising financial d…

FG Pays N15bn In Compensation To Property Owners For Lagos-Calabar Highway

The Federal Government has disbursed N15 billion in compensation to property owners affected by the construction of the Lagos-Calabar coastal highway. The payment is part of efforts to fast-track the controversial project, which has faced resistance due to concerns over displacement and environmental impact. The highway, spanning approximately 700 kilometers, is expected to enhance connectivity [...] Source from InfoStride News

President Tinubu Writes House Of Reps, Seeks Approval For Extra $47 Million For Lagos-Calabar Coastal Project

The request by President Tinubu was contained in a letter signed by Finance Minister, Wale Edun and read by Speaker of the House, Abbas Tajudeen, during