Reps Approve Tinubu’s $2.3bn External Borrowing Plan to Fund 2025 Budget, Refinance Eurobonds
The House of Representatives on Wednesday approved President Bola Ahmed Tinubu’s request to secure a total of $2.347 billion from the international capital market to finance part of the 2025 budget deficit and refinance Nigeria’s maturing Eurobonds. The approval followed the consideration and adoption of a report presented by the Chairman of the House Committee on Aids, Loans, and Debt Management, Hon. Abubakar Hassan Nalaraba, during plenary presided over by Speaker Tajudeen Abbas. According to the report, the borrowing plan […]