Nigeria, Nov. 2 -- The Senate resumed its plenary last Tuesday with an executive communication in which President Bola Tinubu sought the National Assembly's approval to process external loans worth $20.5 billion and €1.04 billion under the 2026-2027 Supplementary External Borrowing Plan.

The president said the proposed loans would finance critical projects across sectors, including infrastructure, agriculture, healthcare, education, water supply, security and employment generation, as well as financial management reforms.

In the letter, Mr Tinubu said the borrowing was necessary to support his administration's reform agenda. He added that the projects had been selected based on technical and economic evaluations and their expected...