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House Divided: Tensions Rise Over Tinubu’s $2.2bn Loan Request

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1 year ago

November 25, 2024

Ireporteronline

House Divided: Tensions Rise Over Tinubu’s $2.2bn Loan Request

President Tinubu seeks House approval for $2.2bn to bridge the N9.7tn 2024 budget deficit. The Senate has already approved the request, sparking potential debates in the House.……READ MORE

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House Deputy Spokesperson Philip Agbese emphasized that the chamber would approve the loan if allocated to capital projects. He reassured Nigerians of adherence to due processes and transparency.

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While the ruling APC supports the borrowing, the minority caucus cautions against the rising debt burden and demands detailed justification before approval.

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