National Assembly Approves $2.347 Billion External Borrowing for 2025 Budget
On Wednesday, the National Assembly approved President Bola Tinubu’s request to secure $2.347 billion from the international capital market. The funds will help part-finance the 2025 budget deficit and refinance maturing Eurobonds. Therefore, the government can meet critical fiscal obligations while stabilizing the economy. $500 Million Sovereign Sukuk to Fund Infrastructure Additionally, the Assembly approved…