<p><!-- BEGIN THEIA POST SLIDER --></p>
<!-- WP QUADS Content Ad Plugin v. 2.0.95 -->
<div class="quads-location quads-ad4" id="quads-ad4" style="float:none;margin:0px;">

</div>

<p> ;</p><div class="E2kEtv7C" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

<!-- TV -->

<ins class="adsbygoogle"

 style="display:block"

 data-ad-client="ca-pub-4403533287178375"

 data-ad-slot="4399361195"

 data-ad-format="auto"

 data-full-width-responsive="true"></ins>

<script>

 (adsbygoogle = window.adsbygoogle || []).push({});

</script></div>
<p>President Bola Ahmed Tinubu has written to the House of Representatives seeking its approval to raise a total of $2.347 billion from the international capital market to fund part of the 2025 budget deficit and refinance Nigeria’s maturing Eurobonds.</p><div class="VPYsvgQi" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

<!-- TV -->

<ins class="adsbygoogle"

 style="display:block"

 data-ad-client="ca-pub-4403533287178375"

 data-ad-slot="4399361195"

 data-ad-format="auto"

 data-full-width-responsive="true"></ins>

<script>

 (adsbygoogle = window.adsbygoogle || []).push({});

</script></div>
<p>He also sought approval for issuance of a $500 million debut sovereign Sukuk to support critical infrastructure development.</p>
<p>The request was contained in letter read by the Speaker of the House, Abbas Tajudeen during plenary on Tuesday.</p>
<!-- WP QUADS Content Ad Plugin v. 2.0.95 -->
<div class="quads-location quads-ad1" id="quads-ad1" style="float:none;margin:0px;">

</div>

<p>Tinubu said the request was made pursuant to Sections 21(1) and 27(1) of the Debt Management Office (Establishment, Etc.) Act, 2003.</p><div class="MXvoeZEa" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

<ins class="adsbygoogle"

 style="display:block; text-align:center;"

 data-ad-layout="in-article"

 data-ad-format="fluid"

 data-ad-client="ca-pub-4403533287178375"

 data-ad-slot="6550225277"></ins>

<script>

 (adsbygoogle = window.adsbygoogle || []).push({});

</script></div>
<p>Tinubu explained that the request was necessary to give effect to the borrowing provisions in the 2025 Appropriation Act, refinance the $1.118 billion Eurobond maturing in November 2025, and expand Nigeria’s access to diversified external funding sources.</p>
<!-- WP QUADS Content Ad Plugin v. 2.0.95 -->
<div class="quads-location quads-ad5" id="quads-ad5" style="float:none;margin:0px;">

</div>

<p>The President stated that the 2025 budget provided for N9.28 trillion in new borrowings to bridge the fiscal deficit, out of which N1.84 trillion (equivalent to $1.229 billion) was earmarked as new external borrowing.</p>
<p>The cable</p>
<p><!-- END THEIA POST SLIDER -->
<!-- WP QUADS Content Ad Plugin v. 2.0.95 -->
<div class="quads-location quads-ad4" id="quads-ad4" style="float:none;margin:0px;">

</div>
</p>
<script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

<ins class="adsbygoogle"

 style="display:block"

 data-ad-format="autorelaxed"

 data-ad-client="ca-pub-4403533287178375"

 data-ad-slot="1004305389"></ins>

<script>

 (adsbygoogle = window.adsbygoogle || []).push({});

</script>
<!-- WP QUADS Content Ad Plugin v. 2.0.95 -->
<div class="quads-location quads-ad3" id="quads-ad3" style="float:none;margin:0px;">

</div>


