BREAKING: TINUBU SEEKS SENATE APPROVAL FOR $20.51BN, €1.45BN FOREIGN LOANS

President Bola Tinubu has asked the Senate to approve external borrowing of $20.51 billion and €1.45 billion to cover funding gaps under the Federal Government’s 2026–2027 supplementary borrowing plan.

The request was contained in a letter read by Senate President Godswill Akpabio during plenary on Tuesday.

Tinubu said the proposed borrowing was needed to help the government meet its obligations to Nigerians and fund critical sectors.

The request is awaiting Senate approval.