President Bola Tinubu has written the Senate seeking approval to borrow $6 billion. $5 billion from Abu Dhabi Bank will cover budget deficits and debt, while $1 billion from London Citi Bank is for rehabilitating Lagos and Tin Can ports to improve efficiency, safety, and trade.
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The letters were referred to the Senate Committee on Local and Foreign Debts, chaired by Senator Aliyu Wammakko, for immediate action.
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