President Bola Tinubu has formally asked the National Assembly to approve a $21.5 billion external borrowing plan for 2025–2026, and a $2 billion foreign currency bond programme.

The loans aim to fund infrastructure, health, education, security, and more—responding to fiscal pressures post fuel subsidy removal.

The $2B bond will be issued domestically in dollars to attract local investors, boost forex reserves, and stabilize the exchange rate.

In the same vein, President Tinubu sought approval for the issuance of Federal Government of Nigeria bonds totaling N757.98 billion to settle outstanding pension liabilities under the Contributory Pension Scheme (CPS) as of December 2023.

All proposals were referred to the Senate Committee on Local and Foreign Debts for review.

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