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Nigerian Senate approves $6 billion loan request in under four hours.
Former Vice President Atiku Abubakar criticized the Nigerian Senate for approving President Bola Tinubu’s $6 billion external loan request in under four hours, calling the process reckless and lacking necessary scrutiny.
He accused the Senate of abandoning its constitutional duty to check executive power, reducing itself to a rubber stamp.
Atiku warned that the government’s reliance on new loans to service existing debts and cover budget shortfalls reflects dangerous fiscal mismanagement and risks pushing Nigeria into an unsustainable debt cycle.
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El Senado nigeriano aprueba una solicitud de préstamo de $6 mil millones en menos de cuatro horas.