WRITTEN BY: CHIOMA MADONNA NDUKWU
President Tinubu’s request for $8.7 billion and €100 million loans has stirred national debate.
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The proposed funds aim to drive critical infrastructure and developmental projects across Nigeria. However, concerns arise about the country’s rising debt, prompting experts to caution against excessive borrowing and emphasize prudent financial management. This loan bid coincides with discussions about prioritizing essential spending over non-essential items in a proposed supplementary budget.
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