President Bola Ahmed Tinubu has requested the approval of the House of Representatives for three major financial proposals, including external loans and domestic bonds totalling billions in dollars, euros, and naira. The requests were read during plenary on Tuesday by Speaker Abbas Tajudeen.
Tinubu is seeking to issue a $2 billion foreign currency bond within Nigeria’s domestic market to fund critical infrastructure, job creation, and economic growth. He explained the move is in line with a 2023 Executive Order and aims to diversify funding sources while stabilising the naira and deepening the local capital market.
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In a separate letter, the president outlined an external borrowing plan for 2025–2026 amounting to $21.5 billion, €2.2 billion, 15 billion Japanese yen, and €65 million in grants. The loans, he said, would finance projects across infrastructure, health, agriculture, water supply, and security nationwide.
A third proposal seeks approval for the issuance of ₦758 billion in bonds to clear pension arrears under the Contributory Pension Scheme. Tinubu said this move would restore confidence in the pension system and improve the welfare of retired civil servants. All three requests have been referred to the House Committee on Finance for legislative consideration.
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