The Senate’s resolutions came after it had considered and approved the report of its Committee on Foreign and Local Debt at a special plenary session on Saturday.
Tinubu had said that the loan facility to finance infrastructure, health, education, agriculture, insecurity, and other sectors was approved by former President Muhammadu Buhari-led Federal Executive Council, on May 15, 2023.
He went on to say that the country’s economic activity must resume normalcy in order to close the financial imbalance, which has made a foreign loan unavoidable.
