Nigeria’s Tinubu Seeks Approval to Raise $24 Billion in Foreign Loans

Nigeria’s Tinubu slows policy overhaul as he eyes reelection

The NewsThe economic policy upheavals that have characterized Nigerian President Bola Tinubu’s two years in power and sparked a deepening cost-of-living crisis are giving way to a less disruptive approach as the leader of Africa’s most populous country prepares for a likely reelection bid in 2027.Late last week, members of Tinubu’s ruling All Progressives Congress party declared the president their sole candidate for the polls, ahead of his seco…

Nigeria’s Tinubu Seeks Approval to Raise $24 Billion in Foreign Loans

Nigeria’s President Bola Tinubu has requested approval from lawmakers to raise almost $24 billion for an external borrowing plan over the next two years to boost economic growth.

Tinubu seeks NASS’ approval for N757bn bond to pay retirees’ outstanding pensions

President Tinubu said the settlement of the pension backlog would enable the federal government to meet its commitments under the pension scheme, thus improving the welfare of retirees. The post Tinubu seeks NASS’ approval for N757bn bond to pay retirees’ outstanding pensions appeared first on Premium Times Nigeria.

Tinubu seeks NASS approval for $21.5bn loan, ₦758bn pension bond

President Bola Tinubu has formally requested the National Assembly's approval for a $21.5 billion external loan and a ₦757.98 billion domestic bond issuance aimed at revitalising critical sectors and settling longstanding pension liabilities. The request was read on the Senate floor during plenary on Monday, May 26, and has been referred to the Senate Committee on Local and Foreign Debts. A report is expected within two weeks. According to Tinub…

Tinubu seeks NASS approval to borrow fresh $21.5m, other external borrowing plans

President Bola Ahmed Tinubu has requested the National Assembly’s approval to secure external loans of $21.5 million and ¥15 billion as part of the federal government’s proposed 2025–2026 external borrowing plan. Also, the request consists of a grant of €65 million to be included in the federal government’s external borrowing plan. The president’s request was contained in a letter read by the Senate President, Godswill Akpabio, during the plenar…

Tinubu write Reps, seek approval for fresh $21.5bn, €2.2bn loans

Tinubu on Tuesday asked the House of Representatives to approve $21.5 billion and €2.2 billion in fresh external loans to finance key