President Bola Ahmed Tinubu has asked the House of Representatives to approve external loans worth $21.5 billion, €2.2 billion, and 15 billion Japanese yen, to fund key projects in infrastructure, agriculture, education, health, and security across Nigeria.
He also requested permission to issue a $2 billion foreign currency bond in the local market to boost the economy and deepen the financial sector.
In a separate request, Tinubu sought approval for a ₦758 billion bond to clear pension arrears under the Contributory Pension Scheme.
All requests have been forwarded to the House Committee on Finance for further legislative action.
