President Bola Tinubu has asked the National Assembly for approval to implement three types of borrowing to finance government projects in view of dwindling financial constraints.
These are capital grazing funds, the FGN 2025-2026 external borrowing plan and a request for approval for issuance of domestic bond to fund retiree’s pensions through the Contributory Person scheme.
According to President Tinubu, this initiative aims to generate employment, promote skill acquisition, foster entrepreneurship, reduce poverty, and enhance food security, as well as to improve the livelihoods of Nigerians.
