Tinubu Seeks NASS Approval For $20.5bn, €1.45bn Supplementary Borrowing Plan
- President Bola Tinubu asked Nigeria’s National Assembly to approve a 2026–2027 external borrowing plan involving $20.52 billion and €1.05 billion for infrastructure and development projects.
- Tinubu said the proposed funds would support agriculture, healthcare, education, water supply, security, employment and financial reforms.
- Senate President Godswill Akpabio said the request would go to the Senate Committee on Local and Foreign Debts, with possible input from the Appropriations and Finance committees.
- Tinubu also sought approval for ₦269.44 billion in promissory notes to settle verified government liabilities.
16 Articles
16 Articles
Tinubu seeks Reps’ approval for ₦269.4bn promissory notes to settle FG debts
President Bola Tinubu has asked the National Assembly to approve the establishment and expansion of the Federal Government’s Promissory Note Programme to settle outstanding verified liabilities totalling ₦269.44bn.
JUST IN: Tinubu seeks Senate approval for $20.52bn, €1.05bn external loans
President Bola Tinubu has asked the Senate to approve the Federal Government’s 2026–2027 Supplementary External Borrowing Plan, involving $20.52bn and €1.05bn, to finance infrastructure and development projects across the country. The request, which was transmitted to the National Assembly, was read by the President of the Senate, Senator Godswill Akpabio, during Tuesday’s plenary. In the Read More: https://punchng.com/just-in-tinubu-seeks-senat…
Tinubu Seeks Senate Authorisation for Fresh $20.5bn, €1.05bn Loans
By Modupe Gbadeyanka President Bola Tinubu has written to the Senate for approval to borrow fresh loans of $20.5 billion and €1.05 billion, amounting to about N29.12 trillion. In a letter to the red chamber of the National Assembly on Tuesday, October 27, 2026, Mr Tinubu disclosed that the money would be used to execute […]
BREAKING: Tinubu Seeks National Assembly Approval For Fresh $20.5bn, €1.04bn Foreign Loans Less Than 110 Days To 2027 Election
President Bola Tinubu has asked the National Assembly to approve a fresh external borrowing plan of $20.52 billion and €1.04 billion for projects and programmes across several sectors, less than 100 days before Nigeria's scheduled January 16, 2027 general election. Tinubu's latest borrowing request was conveyed in a letter read by Senate President Godswill Akpabio during plenary on Tuesday.
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