Nigerian President Tinubu proposes $2.2 billion loan to address budget deficit, faces criticism.

Nigerian President Bola Tinubu has submitted a three-year budget plan and sought approval for a $2.2 billion loan to cover part of the budget deficit. The loan request, aimed at supporting economic growth and funding key projects, has faced criticism from civil society organizations concerned about rising debt. The National Assembly must approve the loan and the budget framework to proceed.

November 19, 2024
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