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President Tinubu Requests Approval for US$7.7 Billion External Borrowing

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← All business news President Tinubu Requests Approval for US$7.7 Billion External Borrowing
On 4 November, President Bola Tinubu submitted a revised external borrowing request of US$7.7 billion to the National Assembly to finance projects and programmes in the 2026 budget. The request replaces an earlier US$20.5 billion proposal and remains subject...
On 4 November, President Bola Tinubu submitted a revised external borrowing request of US$7.7 billion to the National Assembly to finance projects and programmes in the 2026 budget. The request replaces an earlier US$20.5 billion proposal and remains subject to legislative approval. The proposal highlights demand for public-finance monitoring, infrastructure planning and development-project evaluation. HPC can support policy research, financial assessments and government-project intelligence.
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