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States get $4.8bn of Tinubu’s loan bid amid 288% rise in FAAC

BusinessDay's headline. Reported by BusinessDay, BusinessDay.

File picture: Nosa Asemota via Wikimedia Commons, CC BY-SA 4.0

What BusinessDay reported

Nigeria’s States and the Federal Capital Territory (FCT) are set to receive $4.8 billion from President Bola Tinubu’s proposed $21.7

The publisher's own words, quoted for review. Every outlet carrying the story is listed below with its link.

States get $4.8bn of Tinubu’s loan bid amid 288% rise in FAAC. Nigeria’s States and the Federal Capital Territory (FCT) are set to receive $4.8 billion from President Bola Tinubu’s proposed $21.7 Covered by 2 publications. BusinessDay: States get $4.8bn of Tinubu’s loan bid amid 288% rise in FAAC. BusinessDay: States get $4.8bn of Tinubu’s loan bid amid 288% rise in FAAC.

Who is covering it

  1. BusinessDay Nigeria States get $4.8bn of Tinubu’s loan bid amid 288% rise in FAAC Nigeria’s States and the Federal Capital Territory (FCT) are set to receive $4.8 billion from President Bola Tinubu’s proposed $21.7 20 h ago · Tier 2
  2. BusinessDay Nigeria States get $4.8bn of Tinubu’s loan bid amid 288% rise in FAAC Nigeria’s States and the Federal Capital Territory (FCT) are set to receive $4.8 billion from President Bola Tinubu’s proposed $21.7 20 h ago · Tier 3

Headlines and excerpts are the publishers' own, shown under quotation for review and linked to the originals.

More from Nigeria

File picture: Nosa Asemota via Wikimedia Commons, CC BY-SA 4.0
Nigeria · 2027 Election 2 publications

Tinubu defends $21.7 billion loans, says Nigeria needs infrastructure to reach $1 trillion economy

According to Nairametrics, President Bola Tinubu has defended his administration's borrowing plans, arguing that loans should be judged by the infrastructure they deliver, the economic value they create and their long-term benefits to Nigerians. BusinessDay reported that Tinubu highlighted projects including the Lagos-Calabar Coastal Highway, the Sokoto-Badagry Superhighway, the Trans-Sahara Superhighway and electricity grid upgrades, as part of a push toward a $1 trillion economy. The excerpts supplied do not give further details on the amounts borrowed or the timelines for the projects. The headline refers to $21.7 billion in loans, a figure not repeated in the excerpts provided. The two sources present the same core message and do not conflict on any figure or outcome. Summary from 2 sources

Summary from 2 sources Nairametrics first also BusinessDay