Breaking News
JUST IN: Tinubu seeks National Assembly’s approval to borrow N1.77tn
President Bola Tinubu has formally requested the National Assembly’s approval to secure a N1.767tn loan from external sources to address the 2024 budget deficit.
In a letter read by the Speaker of the House of Representatives, Abbas Tajudeen, during Tuesday’s plenary session, Tinubu explained that the loan would support financing the budget shortfall for the upcoming year.
The President noted that the request aligns with Section 21(1) and 27(1) of the Debt Management Office Act and confirmed that it has received the Federal Executive Council’s (FEC) approval.
If approved, the loan will be used to part-finance the budget deficit of N9.7tn for the 2024 budget.
Details shortly…
-
Politics7 days ago
$35M Atlantic Refinery Project: Sunny Goli Commend Tinubu, EFCC over Diligent Prosecution
-
Politics7 days ago
Confusion As Court Adjourns Appeals On Rivers State Political Crisis, Orders PDP To Clarify Legal Representation
-
Politics7 days ago
Alleged N101.4 Billion Fraud: Court Orders Service of Hearing Notice on Yahaya Bello
-
Politics7 days ago
Edo State Govt Bans Activities Of Drivers On Wheels And Road Transport Employees Association Of Nigeria (RTEAN).
-
News7 days ago
KAI demolishes 138 Shanties, dislodges 169 illegal residents in Lagos
-
News6 days ago
Police Cracks Down Criminal Syndicates, Apprehend 82 suspects in Kano
-
National7 days ago
Tinubu Approved the Appointment of Daniel Bwala, Atiku’s Former Aide, Media Adviser
-
Business6 days ago
Bayelsa State Commissioner For Transport Assures Transport Unions Of Ministry’s Authority