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Reps approve Tinubu’s $516m loan request

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The House of Representatives has approved the request of President Bola Tinubu to borrow $516,333,007 foreign loan.
The fund is expected to support the construction of some sections of the Sokoto-Badagry superhighway.

The House approved the request during Tuesday’s plenary after the presentation of a report by Deputy Chairman of the Committee on Aids, Loans, and Debts Management, Abdullahi Rasheed.

News360 Info had reported that President Tinubu requested the approval for a fresh $516.3 million loan from Deutsche Bank to finance a road project.

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