Tinubu writes Senate, seeks approval for N100.5bn Damaturu airport reimbursement
President Bola Tinubu has written the Senate, seeking approval of a N100.5 billion promissory note programme to reimburse the Yobe State Government for the cost of the Muhammadu Buhari International Cargo Airport in…
The Muhammadu Buhari International Cargo Airport in Damaturu was built and funded by the Yobe State Government before ownership and control were transferred to the Federal Government, which now manages it under its aviation infrastructure portfolio. Such handovers of state-built infrastructure to federal authorities often come with agreements for reimbursement, and promissory notes have increasingly been used by the Tinubu administration to settle long-standing federal debts to states and contractors without immediate cash outlay, spreading the fiscal impact over time while requiring National Assembly oversight.
Coverage across outlets is largely uniform, with most reports simply relaying the contents of Tinubu's letter to the Senate (and, in some accounts, the House of Representatives) requesting approval of the N100.5 billion facility. None of the reports yet detail the repayment timeline, interest terms, or how the figure was arrived at, nor has the Senate indicated when it will consider the request.