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Tinubu orders security operatives to fish out perpetrators of Katsina attacks

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The federal government of President Bola Ahmed Tinubu is in search of approval of contemporary loans price $4.4bn from the worldwide lender and the Africa Growth Financial institution over the subsequent 12 months as issues heightened over rising prices of servicing exterior debt.

The federal government within the final 12 months has borrowed a complete of $4.95bn in loans from the World Financial institution, pushing the entire public debt to N101trn. The nation’s public debt was put at roughly N97tn as of December 2023, in keeping with the Debt Administration Workplace information.

An evaluation by The PUNCH confirmed that the financial institution accredited funding for six tasks together with $750m for energy sector financing, $500m for ladies empowerment, $700m for woman little one schooling, $750m for renewable power options, $750m on useful resource mobilisation reforms and $1.5bn for financial stabilisation reforms.

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