Senate Approves Tinubu $21bn Foreign Loan Borrowing Plan
The Senate has yesterday approved President Bola Tinubu’s external borrowing plan of over $21bn for the 2025–2026 fiscal cycle, which is believed to allow for the full implementation of the 2025 Appropriation Act. The detailed borrowing package includes $21.19bn in direct foreign loans, €4bn, ¥15bn, a $65m grant and domestic borrowing through government bonds summing upto approximately N757bn.

