GehGeh Critiques Tinubu's $21.5 Billion Loan Proposal

Ojaigho Prosper, known as GehGeh, publicly criticized President Bola Tinubu's administration regarding a foreign loan request submitted to the Nigerian Senate. On October 27, 2026, Tinubu sought approval for a 2026–2027 Supplementary External Borrowing Plan totaling $20,517,755,901 and €1,045,083,643.
This request, presented by Senate President Godswill Akpabio during a plenary session, is intended to close funding gaps in critical sectors such as power, transportation, healthcare, agriculture, water supply, security, job creation, and financial management reforms. Akpabio referred the proposal to the Senate Committee on Local and Foreign Debts, which is expected to report its findings within one week.
The loan request has raised public concern about Nigeria's debt trajectory, especially with the 2027 general elections approaching, intensifying scrutiny of the administration's fiscal management.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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