Tinubu Appeals to Reps for Approval of $2.347bn External Loan and $500m Sovereign Sukuk Initiative
President Bola Tinubu has formally requested the House of Representatives’ consent to secure external financing amounting to $2.347 billion. This sum includes fresh external borrowing...
President Bola Tinubu has formally requested the House of Representatives’ consent to secure external financing amounting to $2.347 billion. This sum includes fresh external borrowing of ₦1.843 trillion (calculated at the budget exchange rate of $1 = ₦1,500) as outlined in the 2025 Appropriation Act, intended to partially cover the budget shortfall and to refinance...