Nigeria’s National Assembly has set a two-week deadline to review President Bola Ahmed Tinubu’s external borrowing request totaling $21.5 billion.

According to a note from the presidency, the proposed loan will fund key infrastructure, health, education, security, and water supply projects under the 2025–2026 fiscal plan. The request has been referred to the Senate Committee on Local and Foreign Debts for scrutiny.

The review comes amid growing public concern about Nigeria’s rising debt levels and the need for greater accountability in government borrowing.