Federal Lawmakers Approve $21 Billion Loan To Support Capital Projects, Pension Liabilities

The Nigerian Senate has approved President Bola Tinubu’s request for a $21 billion external loan intended to finance critical infrastructure projects and settle outstanding pension liabilities under the Contributory Pension Scheme. The approval was granted during plenary on Tuesday following deliberations on the President’s request. The Senate also approved the issuance of a ₦758 billion [...]

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