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Tinubu borrowing billions to invest in Nigeria’s infrastructure – Presidency replies Emir Sanusi

Saturday, April 25, 2026

President Bola Tinubu’s policy adviser Daniel Bwala confirmed that the government has taken on billions of dollars in loans to fund Nigeria’s infrastructure projects, countering Emir of Kano Muhammed Sanusi’s claim that the country already spends $30‑100 billion a year. The statement underscores the administration’s reliance on external borrowing to drive development, raising concerns about the nation’s debt load and

Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, has said the current government has borrowed billions of dollars to invest in Nigeria’s infrastructure. Bwala made the remark in response to a comment by the Emir of Kano, Muhammed Sanusi, saying that Nigeria invests between $30 billion and $100 billion every year to […] Tinubu borrowing billions to invest in Nigeria’s infrastructure – Presidency replies Emir Sanusi