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Tinubu Seeks Senate Approval For Fresh $20.5 Billion, €1 Billion Foreign Loans

🇳🇬 Nigeria · Politics · 25 min ago
11
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16
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0 / 21 / 23
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27.10 12:29 UTC
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Confirmed facts

Each fact is a sentence from a source that at least two independent outlets report.

The President’s request was conveyed in a letter which Senate President Godswill Akpabio read the letter conveying the President’s request during upper legislative chamber plenary on Tuesday.
Independent sources: 8 · FOREFRONT NG, Naija News, Newspeakonline
According to the President, the request was necessary to enable the Federal Government meet its obligations to Nigerians and fund critical sectors of the economy going forward The letter read: “I submit here, the attached Federal Government 2026–2027 Supplementary External Borrowing Plan for conside
Independent sources: 7 · FOREFRONT NG, Naija News, Business Post Nigeria
He said programmes under the plan were based on technical and economic evaluations, with consideration given to their expected contributions to Nigeria’s socioeconomic development.
Independent sources: 6 · FOREFRONT NG, Naija News, Business Post Nigeria
Furthermore, President Tinubu said the initiatives were designed to create jobs, promote skills acquisition and entrepreneurship, reduce poverty and improve food security.
Independent sources: 5 · FOREFRONT NG, Naija News, Lagos Post Online
Addressing his colleagues, Senator Akpabio said aspects of the borrowing plan had previously been considered in the budget and that an external borrowing plan had also received approval in an earlier period.
Independent sources: 4 · FOREFRONT NG, Business Post Nigeria, thewillnews.com
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