‘Something is not adding up’: Analyst questions Tinubu’s $20.5bn loan request

Economic and financial analyst Emmanuel Kelvin questioned the Tinubu administration’s request for $20.5 billion and €1.45 billion in new external borrowing. Speaking on Channels Television, he said crude oil prices at $145 a barrel should increase Nigeria’s government revenue and asked why the government was borrowing to fund infrastructure, agriculture and education. The proposal has drawn criticism, including from opposition figure Atiku Abubakar, who urged the Senate to seek clarification before approving it.