₦airaland Forum

Below is a breakdown of some projects tied to the recent loan request sent to the Senate by President Tinubu.

Construction of the eastern rail line (Port Harcourt to Maiduguri railway) - $3 billion

Construction of the Akwanga–Jos–Bauchi–Gombe dual carriageway, with a four-year completion horizon - $1.33 billion

Two separate allocations — $1.14 billion and $1.07 billion — will fund the Eastern and Western Super Grids, respectively.

Other Chinese-backed projects include $100 million for the Presidential Power Initiative aimed at improving electricity distribution infrastructure.

$116 million for high-voltage transmission lines to evacuate 700 megawatts of electricity from the Zungeru hydropower station.

$508 million will go to modernising Nigeria’s eastern port infrastructure

$2 billion for the Lagos Green Line Rail Project

$596.2 million for the procurement of rolling stock on the Kaduna–Kano section of the national rail modernisation efforts.

Youth Entrepreneurship Investment project with a five-year implementation period to be funded by AfDB- $100m

Sokoto State Health Infrastructure Project to be funded by AfDB - $45m

Yobe State’s Integrated Climate Action Project to be funded by AfDB - $50m

Lekki Access Road — also known as the 7th Axial Road Project — with a timeline of three years to be funded by Export Credit Agency - $250 million

Nigeria Border Security Project under the second phase of a broader national security initiative to be funded by Export Credit Agency - $540 million

Lagos-Calabar Coastal Highway project to be funded by Export Credit Agency - $700 million.

Emergency food security programme, to be funded by Japan’s International Cooperation Agency (JICA) - ¥150 billion

Senator Sani Musa clarified that the borrowing plan spans a six-year disbursement period, not solely the 2025 fiscal year. He also noted that Nigeria has not defaulted on any of its existing loan repayments.

Senator Victor Umeh (Anambra Central) threw his weight behind the borrowing plan, expressing satisfaction with the long-awaited investment in southeastern infrastructure.

AnonPoet:
https://x.com/DOlusegun/status/1948267676389806305?t=teod9DQLegsYscEEGmRFwQ&s=19[/quote]I thought Reno said there was actually no plan to borrow?

Maxymilliano:
Most of the projects will not see the light of day and the same borrowing cycle will continue next year

AnonPoet:
https://x.com/DOlusegun/status/1948267676389806305?t=teod9DQLegsYscEEGmRFwQ&s=19[/quote]Let us hear from racoon why the fg should not do any infrastructure in the eastern part of the country

They are confused. They don't know whether to complain, wail, criticize or abuse

Tinubu till 2031.

PlasmaTV:
We dey borrow for Naija sha. Ahhahn!!! See money! Billions of dollars. The way our country borrows, one would think we don't generate any source of income.

Some senators and contractors will be praying for the loans to be approved on time because its payday for them.

Everybody can see how much this government wants to invest in power. We don't want to hear any excuses come 2027 about how/why electricity isn't constant ooo.

AnonPoet:
https://x.com/DOlusegun/status/1948267676389806305?t=teod9DQLegsYscEEGmRFwQ&s=19[/quote]Is this not Reno Omokris nairaland account?

Anyways, I thought Reno said

For the avoidance of doubt, President Bola Tinubu is not about to borrow $21 Billion. The MTEF contains the borrowing plan for both the Federal and State Governments for the next three years.

In other words, the $20.5 billion is what the Federal Government and the 36 states can borrow over the next three years.

That amount is not what they will borrow. The $20.5 billion is what they can borrow should the worst become the worst. They are not even likely to take those loans. It is just a framework for what is possible.

hehehehehehe:
I remember helinues created topic stating that tinubu no need to borrow say the man na master strategies