The Nigerian House of Representatives has approved President Bola Tinubu’s request to borrow $2.35 billion to finance part of the 2025 budget deficit.
The loan will be raised via eurobonds, syndications, or bridge financing, with expected yields of 6.8–9.3%The funds will support sectors like transport, power, agriculture, and health.
Additionally, the lawmakers approved issuing a $500 million sovereign sukuk (Islamic bond) to fund infrastructure and diversify funding sources. 25%of the sukuk proceeds may repay high-cost debts, while the rest will boost projects.
![Subscribe to Obaland Magazine](<a href="/advertise"> <img src="https://yourwebsite.com/path-to-ad.jpg" alt="Advertise with us" width="300" height="250"> </a>){kind=link}