President Tinubu
President Bola Ahmed Tinubu has formally requested Senate approval for the sum of $8,699,168,559 and €100 million in the 2022 – 2024 borrowing plan.
President of the Senate, Godswill Akpabio, read Tinubu’s letter at plenary on Tuesday.
Checks revealed that the immediate past administration approved the borrowing plan at its Federal Executive Council meeting held on May 15, 2023.
Tinubu in his letter pleaded with the Senate to give expeditious approval to his request as he noted that abridged borrowing plan tied to provision of social infrastructure, security, employment generation will “enable the government deliver its responsibility to Nigerians.”
The letter reads in part: “I write in respect of the above subject and to submit the attached federal government 2022-2024 external borrowing plan for consideration and early approval of the national assembly to ensure prompt implementation of the projects.
“The senate may wish to note that the past administration approved a 2022-2024 borrowing plan by the Federal Executive Council (FEC) held on May 15, 2023.
“The project cuts across all sectors, with specific emphasis on infrastructure, agriculture, health, water supply, roads, security, and employment generation as well as financial management reforms.
“Consequently, the required approval is for $8,699,168,559 and €100 million.
“I would like to underscore the fact that the projects and programmes in the borrowing plan were selected based on economic evaluations as well as the expected contribution to the social economic development of the country, including employment generation, and skills acquisition.
“Given the nature of these facilities, and the need to return the country to normalcy it has become necessary for the senate to consider and approve the 2022- 2024 external abridged borrowing plan to enable the government deliver its responsibility to Nigerians.”
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
GAMA: Peter Obi bags Politician of the Year award
The event, themed “A Channel of Hope Where There is Despair,” celebrated individuals making positive impacts on…
Catholic Priest remanded for raping, impregnating teenage girl in Anambra
An Awka Children, Sexual and Gender-Based Violence Court of Anambra State, has remanded a Catholic Priest, Rev. Fr. Nwaigwe Stephen to…
Discontent spreads over succession plots at Supreme Court
As Nigerians wait on the National Judicial Council (NJC) to make final pick for the Supreme Court bench, fresh claims have emerged to explain the lopsidedness in…
I was forced to pay N1m, buy iPhone 14 Promax for marrying Sheila a virgin — Israel DMW
Davido’s Logistics Manager, Israel Afeare, who is popularly known as Israel DMW, claimed that his estranged wife’s parents “forced” him to…
HID asked monarch, other visitors to leave few minutes before death — Awolowo Dosumu
At the church service held at the in-house chapel of the Awolowo family house, Ikenne-Remo, Ogun State, Dr Awolowo Dosumu recalled how…
Bangbet Risk-free Starting: Nigeria’s Most Generous Betting Site Reveals
The world of online betting has been transformed by innovative platforms like Bangbet. With its user-centric design, the Bangbet app promises…
The Federal Competition and Consumer Protection Commission (FCCPC) has stated that even if Mata or…
The attention of the management of the Presidential CNG Initiative (PCNGI) has been drawn to…
Niger Governor, Mohammed Umaru Bago, has congratulated his deputy, Comrade Yakubu Garba, on his 51st…
The world is celebrating Halima Cissé and Abdelkader Arby from Mali as their record-breaking nonuplets,…
“So any man who is tired of his political party should be ready to forfeit…
“Based on the most recent official household survey data from Nigeria’s National Bureau of Statistics,…
This website uses cookies.