Tinubu's Loan Request Under Fire Amid Revenue Surplus from Customs, FIRS

President Bola Tinubu's request for a loan has sparked scrutiny from lawmakers, amid reports that key revenue-generating agencies such as Customs and the Federal Inland Revenue Service (FIRS) have already surpassed their revenue targets. The National Assembly is examining the loan request in light of these positive financial outcomes.

The Nigerian National Assembly has expressed scrutiny over President Bola Tinubu's recent request for loan from a foreign source, amid increasing revenue generated by key government agencies such as the Customs Service and the Federal Inland Revenue Service (FIRS). According to reports, the two agencies have collectively surpassed their quarterly revenue targets, generating substantial sums of money that could potentially be used to repay any outstanding loans. The National Assembly's concerns over Tinubu's loan request come amid rising public scrutiny on government borrowing practices. The controversy has sparked debate about the need for transparency and accountability in government financial dealings.