Tinubu asks Senate to approve $20.5bn, €1.04bn foreign loans

President Bola Tinubu has asked the Senate to approve $20.51bn and €1.45bn in external borrowing to address funding gaps in the Federal Government’s 2026–2027 supplementary borrowing plan. The President’s request was conveyed in a letter which Senate President Godswill Akpabio read during plenary on Tuesday. According to the letter, the requested funds—specifically $20,517,755,901 and €1,045,083,6