Atiku urges Senate to reject Tinubu’s $7.7bn loan request
Former Vice President Atiku Abubakar has urged the Senate to reject President Tinubu’s latest $7.7bn external borrowing request, warning it will burden Nig Read More: https://punchng.com/atiku-urges-senate-to-reject-tinubus-7-7bn-loan-request/
Former Vice President Atiku Abubakar has called on the Senate to reject President Bola Tinubu's latest $7.7bn external borrowing request, arguing that it would further burden Nigerians and future administrations. The opposition politician expressed concerns over the frequency of the Federal Government's borrowing requests and suggested that the government should provide detailed information about the projects to be financed, their costs, interest rates, repayment schedules, and other conditions.
Atiku also questioned the provision in the President's letter stating that the final borrowing terms would depend on market conditions when the loan was priced.
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