Nigeria, Oct. 27 -- President Bola Tinubu has asked the National Assembly to approve the processing of external loans worth $20.5 billion ($20,517,755,901), and one billion Euros (€1,045,083,643) under the 2026-2027 Supplementary External Borrowing Plan.

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

Mr Tinubu's request was contained in a letter read by the Senate President, Godswill Akpabio, during plenary on Tuesday.

In the letter, the president said the proposed borrowing was necessary to support his administration's reform agenda...