August 7, 2025

FOREIGN LOANDS

General

Senate Approves President Tinubu’s Request for Over $21 Billion in Foreign Loans for 2025–2026

Abuja, July 27, 2025 — The Nigerian Senate has granted approval to President Bola Ahmed Tinubu’s contentious request for over $21 billion in foreign loans to finance critical infrastructure and developmental projects in the 2025–2026 fiscal period. The Senate’s endorsement followed an extensive deliberation during plenary on Friday, where lawmakers examined the president’s submission within

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