Nigeria's Senate has approved President Bola Tinubu's request to borrow over $21 billion in external loans for the 2025–2026 fiscal cycle. The funds are earmarked for major infrastructure projects, including the Lagos-Calabar Coastal Highway, the Eastern Rail line, and telecom initiatives. An additional $347 million loan was also approved for specific projects. While the government argues these loans are necessary to plug budget shortfalls and drive development, analysts warn that Nigeria's debt burden will rise significantly, raising concerns about long-term sustainability and repayment. The approval also includes a large bond to clear pension arrears.
اس عام گفتگو جواب دینے والے پہلے شخص بنیں۔
