Nigeria nearer to debt distress as Senate approves fresh $2.2bn loan request today

Nigeria’s total debt is set to hit an all-time high of N136 trillion, as the Senate is set to approve the $2.2bn (about N1.77tn) loan request of President Bola Tinubu today (Wednesday). The request, submitted by the President, is part of the external borrowing plan outlined for implementing the N28.7tn 2024 budget. In separate letters […]

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