Tinubu Seeks $2.3 Billion External Funding for 2025 Budget - Infrastructure Investment Strategy
President Bola Ahmed Tinubu has requested the House of Representatives to approve the Federal Government's plan to secure $2.3 billion in external funding for the 2025 budget. The proposal includes $1 billion for new external borrowing and $1.3 billion for refinancing maturing Eurobonds.
The funds will be raised through a combination of instruments, including Eurobond issuance, bridge financing facilities, and loans from international financial institutions. The borrowing strategy aims to maintain debt sustainability and support continued investment in infrastructure to drive economic growth.
The refinancing of Eurobonds is intended to manage Nigeria's debt profile and ease repayment pressures in 2025.
Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.
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