•Tinubu and ADC logo The African Democratic Congress today accused President Bola Ahmed Tinubu’s administration of running what it described as a ‘Ponzi economy’ after the federal government moved to secure another $1.25 billion World Bank loan despite Nigeria’s growing public debt estimated at about N159.28 trillion. The opposition party said...
•Tinubu President Bola Tinubu has formally written to the Senate, seeking approval for a $516.3 million foreign syndicated loan to support the construction of the Sokoto–Badagry highway. In a communication read by the President of the Senate, Godswill Akpabio, today, President Tinubu requested a resolution in line with Sections 16 and 21 of th...
Nigeria is in discussion with China’s Export-Import Bank for a $2 billion loan to finance a new “super grid” to ease the country’s power shortages. The Minister of Power, Adebayo Adelabu, disclosed this during an economic summit in Abuja yesterday, reports Bloomberg Adelabu explained that the project is part of government efforts to decentrali...
•Tinubu and dollar debts The Tinubu-led federal government is currently discussing a loan funding of $238 million from the Japan International Cooperation Agency (JICA) to expand Nigeria’s national electricity grid network, especially the transmission segment of the power value chain. This was part of the outcome of deliberations at the just-c...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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