Senate approves Tinubu’s $6bn loan request
The Senate has expeditiously approved the request of President Bola Tinubu to go for external loans totalling $6 billion.The approval came barely three and a half hours after the senate president, Godswill Akpabio, read the letter from the president, seeking the approval. The Senate approved the loans following the presentation and consideration of the report […]
Edun faults overdependence on foreign loans
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Tuesday warned that Africa and Nigeria cannot continue to rely on external borrowing while losing huge resources to illicit financial flows, insisting that domestic revenue mobilisation must take centre stage. Speaking at the opening of the 5th Session of the African Union […]
