President Bola Tinubu has asked the Senate to approve a fresh external borrowing of $516,333,070 (approximately ₦700bn) to fund sections of the proposed Sokoto–Badagry superhighway, a flagship project under his administration’s infrastructure drive. The request, contained in a letter addressed to the President of the 10th Senate, Godswill Akpabio, was read during plenary yesterday, setting the stage for legislative consideration of the financing plan. According to the President, the loan—expected to be sourced from Deutsche Bank, Germany —will support the construction of Sections 1, 1A and 1B of the 1,000-kilometre…
Read MoreTinubu seeks Senate’s fresh $516m loan approval for Sokoto–Badagry superhighway
