President Bola Tinubu has requested the approval of the House of Representatives to raise over $2.3 billion from external sources to part-finance the 2025 budget deficit, refinance Nigeria’s maturing Eurobonds, and issue the country’s debut sovereign Sukuk in the international capital market.
The request was contained in a letter dated 22 September, and read by the Speaker of the House of Representatives, Abbas Tajudeen, during Tuesday’s plenary.
The letter was titled “Request for the Resolution of the National Assembly to Implement New External Borrowing in the 2025 Appropriation Act, Refinance Maturing Eurobonds and Issue Debu
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