Financing of Public Sector Projects Archives

November 5, 2026

Tinubu Replaces $21.6 Billion Loan Request With Fresh $7.7 Billion Borrowing Plan

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By NJORIGE LYNUS PRESIDENT Bola Tinubu has withdrawn his earlier request for approval to process external loans worth $20.52 billion and €1.05 billion. Instead, he has submitted a fresh proposal seeking approval to raise approximately $7.7 billion to partly finance the 2026 budget deficit. The new request, which amounts to $7,707,404,882.49, was contained in a […]