President Bola Tinubu has asked the Senate to approve his administration’s proposed borrowing plan of $7.8 billion and €100 million for the 2022-2024 fiscal years.
Tinubu’s request was contained in a letter read by Senate President, Godswill Akpabio, on the floor of the Senate yesterday.
The proposed plan seeks to obtain a total of $7.8 billion and €100 million to fund various projects and programs across all sectors of the economy, including infrastructure, agriculture, security, employment generation, and health among others.
The President also revealed that the World Bank Group has expressed an interest in providing funding support of $1 billion and $2 billion to mitigate the economic shocks and recent reforms in the country.
To ensure the speedy implementation of the plan, Tinubu urged the upper legislative chamber to grant expedited consideration.
