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Tinubu asks Senate to approve fresh $2.3bn loan, four months after securing $21.5m, ¥15bn, €65m loans approval
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📅 October 08, 2025 04:22 PM
🕐 Scraped: October 09, 2025
President Bola Tinubu has asked the Senate to approve a fresh $2.3 billion external loan incorporated into the 2025 budget.
The request was contained in a letter read by the Senate President, Godswill Akpabio, during plenary on Wednesday.
In the letter, Mr Tinubu explained that the facility would form part of the funds to finance the N54.99 trillion 2025 Appropriation Bill.
He said the borrowing request was made in line with Sections 21(1) and 27(1) of the Debt Management Office Act and had r
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