Tinubu Secures Legislative Backing for New Foreign Loans, Infrastructure Financing
The House of Representatives has approved President Bola Tinubu’s request to borrow $2.35 billion to help finance part of Nigeria’s 2025 budget deficit. Lawmakers also endorsed the President’s proposal to issue a $500 million debut sovereign sukuk in the international capital market to support infrastructure projects and expand the country’s funding sources. The approval followed

