In an update published by **The Punch**, the House of Representatives has approved President Tinubu’s request for a $516.33 million loan from international lenders to fund the construction of the Sokoto-Badagry superhighway. The project is touted as a critical component of the administration’s “Renewed Hope” infrastructure agenda, aimed at linking the North-West and South-West regions to boost trade.
The approval came after intense debate on the floor of the House regarding the nation’s rising debt profile. Supporters of the loan argue that the economic benefits of a modern transit corridor—including reduced travel time and increased agricultural logistics—far outweigh the cost of servicing the debt.
**ThisDay** confirmed the “Reps’ approval of the $516m loan,” while **Leadership** reported that the “Sokoto-Badagry superhighway is expected to transform regional trade.” Speaker Tajudeen Abbas stated, “Infrastructure is the backbone of any meaningful economic recovery.”
**Echotitbits take:** This is a massive logistical undertaking. The real challenge won’t be getting the loan, but ensuring that the funds are actually used for asphalt and bridges rather than disappearing into the “administrative costs” that have plagued previous Nigerian mega-projects.
Source: Channels TV – https://www.channelstv.com/2026/04/29/senate-approves-tinubus-516m-loan-request/, April 29, 2026
Photo credit: Channels TV
