The Nigerian Senate has approved President Bola Tinubu’s proposal to secure over $21 billion in external financing to cover the country’s 2025 budget deficit. The request was first submitted to Parliament back in May. According to Senate Appropriations Committee Chairman Solomon Adeola, this move will fully finance the national budget and support the implementation of strategic programs. The borrowing package includes:✅ $4.7 billion (€4 billion equivalent),✅ $102.26 million (¥15 billion equivalent),✅ $65 million in grants,✅ $2 billion from domestic sources. ...