President Bola Tinubu is seeking approval from the National Assembly to borrow 1 trillion naira as part of his external borrowing plan to support the ambitious N28.7 trillion budget for 2024. The Senate is expected to discuss this significant loan request today, following its presentation through three separate letters to lawmakers. Our correspondent, Idong Joseph, provides insights into the implications of this borrowing amid Nigeria's ongoing economic challenges. Additionally, we will hear from strategy consultant Dipo Oyewole, who will help us understand the potential impact on Nigeria's debt profile, fiscal sustainability, and foreign exchange reserves. Join us as we discuss whether the Senate can adequately assess the long-term consequences of this loan request in such a short timeframe.
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