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President Tinubu seeks House of Reps approval for N10.79 Trillion external borrowing

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President Tinubu seeks House of Reps approval for N10.79 Trillion external borrowing

12 Nov, 2026

President Bola Tinubu has written to the House of Representatives seeking statutory approval to implement the N10.79 trillion external borrowing provided for in the 2026 Appropriation Act. The President said the proposed borrowing would partially finance the 2026 budget deficit and support the implementation of projects captured in the Appropriation Act. The request was contained in a letter from Tinubu, which was read on the floor of the House during plenary by Speaker Tajudeen Abbas..…....................READ MORE