Nigeria's Senate has approved President Bola Tinubu's request to borrow over $21 billion from foreign sources for the 2025–2026 fiscal cycle. The loans are intended to fund critical infrastructure projects, including the Lagos-Calabar Coastal Highway and the reconstruction of the Eastern Rail line, as well as to address budget shortfalls. Additional loan requests, such as $347 million for specific projects, have also been approved by the House of Representatives. While the government argues these funds are necessary for development and pension arrears, analysts and critics warn that Nigeria's debt burden will rise significantly, raising concerns about long-term sustainability and repayment. The approval marks a major step in Tinubu's economic agenda but has sparked debate over the country's growing reliance on external borrowing.
Bu genel tartışma ilk yanıtlayan siz olun.
