Tinubu Seeks NASS Approval to Borrow $2.35bn, Issue $500m Sovereign Sukuk for 2025 Budget
President Bola Ahmed Tinubu has requested the approval of the National Assembly to borrow a total of $2.347 billion to finance part of the 2025 national budget and refinance existing debt. The president is also seeking legislative backing to issue Nigeria’s first $500 million sovereign Sukuk on the international market. The requests were contained in […]
President Buhari submits 2021 Budget Proposal to the National Assembly.
President Muhammadu Buhari has presented the 2021 Appropriation Bill to the National Assembly, bringing concerns about the allocation to the education sector. The education sector receives a meager 5.6% of the total budget, amounting to N742.5 billion out of N13.08 trillion. This percentage is Nigeria’s lowest education allocation in 10 years, despite persistent calls from […]