The request was contained in a letter read during Tuesday’s Senate plenary.
In the letter, Tinubu explained that the borrowing is necessary to close the funding gap and ensure the smooth execution of government projects and programs outlined in the 2025 fiscal plan.
After reading the letter, the Senate President forwarded the request to the Senate Committee on Local and Foreign Debt, directing the committee to review it and submit a report within a week for further consideration.
This comes a few days after the House of Representatives approved President Bola Tinubu’s request to borrow $2.35 billion to help cover part of Nigeria’s 2025 budget deficit.
Peter Obi, the presidential candidate of the Nigeria Democratic Congress (NDC), has urged Nigerians not…
Iyabo Obasanjo, the daughter of former President Olusegun Obasanjo, has resigned from the All Progressives…
The Oyo State Police Command has confirmed the rescue of Mrs. Busola Adegoke, sister of…
Nigerian-British singer and songwriter Mark Yinka Orabiyi, better known as Talay Riley, has died at…
Oyo State Governor Seyi Makinde has introduced a nighttime restriction on commercial motorcycle operators, popularly…
Philip Agbese, the Deputy Spokesperson of the House of Representatives, has demanded a transparent investigation…