President Tinubu seeks $20.5 billion and €1.04 billion in foreign loans.

The money would fund infrastructure, agriculture, health, education, water, security and jobs.

The loans fall under Nigeria’s 2026-2027 Supplementary External Borrowing Plan, and Tinubu says technical and economic evaluations selected the projects.

Senate President Godswill Akpabio gave the debt and appropriations committees one week to report back.

How each outlet framed it
Premium Times Nigeria
reports the Senate referral to debt and appropriations committees with a one-week deadline, and the separate bill on serving sentences at home

Sources: Premium Times Nigeria