Just hours after the request was read on the floor, the Senate has given the green light to President Bola Ahmed Tinubu's plan to secure $6 billion in fresh foreign loans.

The package includes:

Up to $5 billion from First Abu Dhabi Bank (UAE) via a structured Total Return Swap, to be disbursed in tranches.

Additional financing (around $1 billion) from UK sources, including support for infrastructure like port rehabilitation.

According to the Presidency, the funds will help with:

2026 budget implementation

Critical infrastructure projects

Refinancing some existing (more expensive) debts

This move comes as Nigeria's total public debt hovers around $100–110 billion (with the naira equivalent recently crossing ₦153 trillion).

Supporters say it's necessary to stabilize the economy and drive growth. Critics are already raising concerns about the country's rising debt burden and long-term sustainability.

What do you think, Nigerians?

Is this a smart move to fund development and ease fiscal pressure... or should we be more wor

ried about adding to the debt pile?

Drop your honest thoughts below 👇

Should the focus be on cutting costs, boosting revenue, or both?

#NigeriaEconomy #Tinubu #Senate #NationalAssembly #DebtProfile #NaijaNews