President Bola Tinubu’s loan proposal to the National Assembly on Tuesday will take Nigeria’s total public debt to an astronomical N183 trillion from nearly N145 trillion as of December 2024, according to BusinessDay calculations.
President Tinubu wrote to the National Assembly yesterday, seeking legislative approval for a new external borrowing plan of $21.5 billion, €2.2 billion, and ¥15 billion, in addition to a grant of €65 million.
He also requested the National Assembly’s approval for the issuance of domestic bonds worth N757.9 bill
