President Bola Tinubu has requested Senate approval to issue bonds worth N757.9 billion aimed at clearing longstanding pension arrears and honoring commitments to retired public servants
In addition, the President is seeking permission to raise $2 billion from the domestic market to boost investments in critical sectors of the economy. The request has been referred to the Senate Committee on Local and Foreign Debts for review within two weeks.
Meanwhile, President Tinubu has also written to the House of Representatives seeking approval for a revised external borrowing plan for 2025–2026. The plan includes proposed loans of $21.5 billion, €2.2 billion, ¥15 billion in Japanese yen, and a €65 billion grant.
According to the President’s letter, the funds are intended to bridge Nigeria’s infrastructure gap, generate employment, and support broader development goals.
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