The House of Representatives has received a formal request from President Bola Tinubu for the legislative approval of a new external borrowing plan of over $21.5 billion. More so, the president included a request for a domestic bond issuance of ₦757.9 billion to settle outstanding pension liabilities.

The written communique was detailed when read out at the Green Chamber. The President said that “The 2025–2026 borrowing plan covers all sectors with specific emphasis on infrastructure, agriculture, health, education, water supply, growth, security, and employment generation, as well as financial and monetary reforms, among others.”