Senate encourages States to approach Capital Market for loans

The senate committee on Capital Market, on Wednesday, said the newly signed investment and securities bill 2025 will make the proposed $1TRN economy by President Bola Tinubu become a reality. The senate also affirmed that with the act in place, the sub-nationals can now approach the Capital Market for long-term loans to finance their projects. The assurance was given by the Chairman of the Senate Committee and sponsor of the original bill that was signed into an act, Senator Osita Izunaso, in an interview with Journalists in Abuja. Recall that Tinubu had, during his 2023 Presidential electioneering campaigns, promised to build a jumbo-sized economy, aiming for a $1TN by 2030.