ADC lawmakers fault Tinubu’s $516.3m loan request, demand scrutiny

ADC lawmakers have rebuked President Bola Tinubu’s request for Senate approval of a $516.3 million external loan to fund the Sokoto‑Badagry Super Highway, urging tighter scrutiny of the deal. The loan could speed up a key north‑south transport corridor but also raises concerns over Nigeria’s debt burden and the terms of financing.

Lawmakers of the African Democratic Congress, ADC, have criticised President Bola Ahmed Tinubu over his move to secure Senate approval for an additional $516.3 million external loan for the Sokoto–Badagry Super Highway project. The President had requested approval for the syndicated loan to finance key sections of the project, a flagship infrastructure initiative under his […] ADC lawmakers fault Tinubu’s $516.3m loan request, demand scrutiny