Nigerian Senate passes 2026–2028 MTEF
The Nigerian Senate has approved the Medium-Term Expenditure Framework (MTEF) covering the 2026 to 2028 fiscal years. The MTEF serves as a key planning document that guides government spending, revenue targets, and borrowing plans over a three-year period. Lawmakers passed the framework after reviewing reports from relevant committees. During the debate, senators highlighted the importance […]
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 […]