Senate Approves $6bn Loan as Nigerians Demand Accountability
Senate Approves $6 Billion Loan: Nigerians Ask — What Happened to Previous Borrowings? The Nigerian Senate has approved a fresh $6 billion loan request by Bola Ahmed Tinubu, a move that has once again brought the country’s borrowing culture into the spotlight. While government officials present the loan as necessary for development and economic stability, many Nigerians are asking a more pressing question: What happened to the money borrowed in the past? According to the government, the new loan will support; i nfrastructure development, b udget deficits, and e conomic reforms. These are familiar promises, the same reasons given for previous loans under both the current administration and that of Muhammadu Buhari. Yet, across the country, citizens continue to struggle with; p oor road networks, u nstable electricity supply, and r ising cost of living. This disconnect is what fuels public skepticism. Borrowing in itself is not a crime. Many countr...