Reps Approve $347m Loan for Lagos-Calabar Highway, Telecom Expansion in Rural Areas
The House of Representatives on Wednesday approved President Bola Tinubu’s request to borrow $347 million under the revised 2025–2026 borrowing plan to fund critical infrastructure projects, including the Lagos-Calabar Coastal Highway and a nationwide rural telecommunications initiative. The President’s letter, read by Speaker Tajudeen Abbas during plenary, explained that the adjustment was necessary to accommodate