Senate approves Tinubu’s contemporary $2.2bn mortgage request – Blueprint Newspapers Restricted

The Senate on Thursday authorised President Bola Tinubu’s mortgage request of $2.2 billion to partially finance the ₦9.7 trillion price range deficit for the 2024 fiscal yr.

The approval adopted the presentation of a report by the Chairman, Senate Committee on Local and Foreign Debts, Aliyu Wamakko, throughout plenary.

Presiding over the session, Deputy Senate President Jibrin Barau counseled the committee for its swift motion and thorough examination of the mortgage request.

In a letter learn in the course of the Senate and House of Representatives plenaries on Tuesday, Tinubu had defined that the mortgage was integral to his administration’s fiscal technique for the approaching yr.

Details later…