Nigeria's president seeks Senate approval to borrow $8 billion
156.00 €
Published date: 02/02/2025
- Location: Pl30 2zx, Nunavut, Nigeria
LAGOS, master prediksi bola Nov 1 (Reuters) - Nigerian President master prediksi bola Tinubu on Wednesday asked the Senate to approve nearly $8 billion in new debt as part of a 2022-24 external borrowing plan to finance infrastructure, health, education and security. Nigeria, Africa's biggest economy and top oil producer, has been relying increasingly on debt due to lower tax collections and lower oil exports, its biggest foreign currency earner. In a letter to the Senate, Tinubu requested $7.86 billion and 100 million euros ($105.40 million) but did not say where the money would come from.
Nigeria has raised money in international credit markets, including through eurobonds, and borrowed from lenders like the World Bank and African Development Bank for budget support.
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