Senate backs Tinubu’s $21.5bn external borrowing plan, approves multiple loan, bond requests
The Nigerian Senate has approved President Bola Tinubu’s borrowing plan for 2025 and 2026. This plan includes taking loans from foreign sources to support government spending and development. The loan request includes $21.5 billion, €2.2 billion, and 15 billion Japanese Yen. In addition to these loans, Nigeria will receive a grant of €65 million. The […]