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Jul
Debt or Development? Lawmakers Back Massive Borrowing to Fund Infrastructure, Pensions
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admin / 7 months
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- 2 min read
The Senate on Tuesday approved President Bola Tinubu’s comprehensive borrowing plan for the 2025–2026 fiscal period, including $21.5 billion in external loans, €2.2 billion, 15 billion Japanese Yen, and a €65 million grant. Also endorsed was a N757.98 billion domestic bond issuance aimed at clearing outstanding liabilities under the Contributory Pension Scheme (CPS), some dating […]