Senate Approves $2.347b External Borrowing Plan, $500m Debut Sovereign SUKUK
The Senate has approved President Bola Tinubu’s request to borrow the sum of $2.347 billion as part of the external borrowing plan from the international capital market to part-finance the 2025 budget deficit and refinance maturing Eurobonds. The red chamber also approved the issue of a $500 million Debut Sovereign SUKUK in the International Capital Market to fund infrastructural projects. The resolutions of the Senate followed its consideration and adoption […]