The House of Representatives has approved the request of to secure a $516,333,007 foreign loan aimed at supporting the construction of sections of the Sokoto–Badagry Superhighway.
The approval was granted during Tuesday’s plenary session following the presentation of a report by the Deputy Chairman of the House Committee on Aids, Loans, and Debt Management, .
The proposed loan is expected to contribute significantly to the development of the ambitious highway project, which is designed to enhance connectivity across several regions of the country and boost economic activities along the corridor.
According to earlier reports by Hobnob News, the request by President Tinubu involves sourcing the $516.3 million facility from to finance the road project.
The Sokoto–Badagry Superhighway is considered a strategic infrastructure initiative expected to improve transportation efficiency and facilitate trade across Nigeria.
In a related development, stakeholders have continued to emphasize the need for improved funding and coordinated action to tackle pressing public health challenges, including the spread of viral hepatitis, as highlighted by the .
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