The Senate on Thursday approved President Bola Tinubu’s loan request of $2.2 billion to partially finance the ₦9.7 trillion budget deficit for the 2024 fiscal year.

The approval followed the presentation of a report by the Chairman, Senate Committee on Local and Foreign Debts, Aliyu Wamakko, during plenary.

Presiding over the session, Deputy Senate President Jibrin Barau commended the committee for its swift action and thorough examination of the loan request.

In a letter read during the Senate and House of Representatives plenaries on Tuesday, Tinubu had explained that the loan was integral to his administration’s fiscal strategy for the coming year.

“The Presidential request for $2.2 billion, equivalent to ₦1.77 trillion, is already enshrined in the external borrowing plan for the 2024 fiscal year,” Senate President Godswill Akpabio stated while reading the letter.


He further directed the Senate Committee on Local and Foreign Debts to expedite its review of the request and present a report within 24 hours.

“The Senate Committee on Local and Foreign Loans should, therefore, give the request expeditious consideration and report back within 24 hours,” Akpabio emphasised.

Although the deadline elapsed on Wednesday, the committee submitted its findings during Thursday’s plenary, leading to the loan’s approval.

Source: https://punchng.com/BREAKING-Senate-approves-Tinubu’s-$2.2bn-loan-request

Better put.........Senate approves Tinubu's $2.2Bn Lunch and Breakfast Money

Jimoh Ibrahim (2024)

Approval

Tinubu cash out, give senate their own oooooooooo.

I guess they may have receive mails

The most useless Senate Nigeria ever had.

Mtcheew

Lunch money

This cannot even fuel the jet to Brazil and back or convert the Escalade to CNG

Tinubu is making too many sacrifices for Nigerians

I suggest he should borrow $10bn for a full body massage in an exotic carribean resort

He deserves it

Nigeria

Upon all that Buhari borrowed, yet little or nothing can be seen from the loans.

When Nigeria gets a good leader, it's development will surprise people.
Imagine the billions and trillions kgof dollar being borrowed, yet Nigeria is still talking about electricity problem etc

A

Democracy is a scam

Akpa-amu sorry Akpabio no go approve keh?

Na wa , everytime borrowing to fund budget

We must take the number one spot


APC more useless than the word itself..

GOFRONT:
Better put.........Senate approves Tinubu's $2.2Bn Lunch and Breakfast Money

Jimoh Ibrahim (2024)

God bless you sir

...as if they can turn the request down before

Too small. We need to borrow more

Every things goes senator.......

How do we get here......

Lunch money. That money has finished before it even came

Akpabio is useless

Tinubu is a man on a mission.

This loan will be used judiciously. I have no doubt about that.

Lols
Smh

Rubber stamp senate

tundegan:
Tinubu is a man on a mission.

This loan will be used judiciously. I have no doubt about that.

You think you can live on this 200naira per post?

tundegan:
Tinubu is a man on a mission.

This loan will be used judiciously. I have no doubt about that.

He is a man on a mission Indeed

Why do we keep borrowing the money in small ranks instead of borrow huge amount once

AkpabuyoAkpabio never disappoints
I expected nothing less

Atheistan:
Rubber stamp senate

Were you expecting the Senate to do otherwise
9ja is on a ride to a dead end

Ibehchizzy:
Akpa-amu sorry Akpabio no go approve keh?

Na person papa ooooo

https://www.youtube.com/watch?v=SQiQh7hOY7g

This is no news, The senate doesn't reject any load requests..

Rubber stamp