ZENTSFM, Abuja — President Bola Ahmed Tinubu is seeking approval for a massive $24 billion loan, the largest in Nigeria’s history, aimed at funding an ambitious public spending initiative as the country heads toward the 2027 general elections.
The loan request comes as Tinubu marks two years in office, a period marked by controversial reforms including the removal of fuel subsidies and the unification of the naira exchange rate — policies that have led to severe economic hardship for many Nigerians.
Government insiders suggest the proposed borrowing is intended to stimulate the economy, invest in infrastructure, and launch welfare programs to ease public discontent. Analysts, however, view the move as a calculated political effort to rebuild support ahead of the next election cycle.
Already, the ruling All Progressives Congress (APC) has thrown its weight behind Tinubu’s second-term bid, with key allies declaring that the president will run unopposed for the party’s 2027 presidential ticket.
Across cities like Lagos and Abuja, campaign banners and billboards have started appearing with the slogan: “Step up, speak out, and support Tinubu.” A nationwide door-to-door campaign is also reportedly in the works.
However, the $24 billion loan proposal has sparked debate, with critics warning that it could worsen Nigeria’s debt profile if not properly managed. Many are questioning whether the plan prioritizes genuine national development or simply serves political interests.
Stay tuned to ZENTSFM for updates on this developing story.
