Barely 24 hours after seeking approval of the N2.18tn supplementary budget, President Bola Tinubu has approached the Senate for the approval of another $7.8bn and €100m loans.

The request of the President was contained in a letter to the Senate read during the plenary by the Senate President, Godswill Akpabio on Wednesday.

The PUNCH reports that the President on Tuesday presented a N2.18tn supplementary budget to the National Assembly.

The National Assembly had a few months ago approved N819.5bn presented by the President, which included a N500bn palliative package to cushion the effect of the recent economic policies of the Federal Government.

The letter from the President read, “The Senate may wish to note that the past administration approved the 2022–2024 borrowing plan at the Federal Executive Council which was held on the 15th day of May 2023.

“The projects cut across all sectors with specific emphasis on infrastructure, agriculture, health, education, water supply, security and employment as well as financial management reforms, among others.

“The total facility of the projects and programmes under the borrowing plan is 7,864,508,559 dollars and then in Euro, 100 million euros respectively.”(PUNCH NEWS)