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President Bola Tinubu has formally requested the Senate to approve a N100.5 billion promissory observe programme to reimburse the Yobe State Government for developing the Muhammadu Buhari International Cargo Airport in Damaturu.
In a letter addressed to the President of the Senate, Tinubu sought legislative backing for the Debt Management Office (DMO) to set up and subject the promissory observe programme. The particular sum requested stands at N100,509,017,234.55.
According to the communication, the Federal Executive Council (FEC) permitted the Federal Government’s takeover of the airport and the following mission price reimbursement throughout its second extraordinary assembly on May 23, 2023.
