Nigerian House of Reps $5bn UAE Loan and Port Deal – March 2026

On March 31, 2026, the Nigerian House of Representatives had two major debt and financing items on its agenda, both handled by the Committee on Aids, Loans and Debt Management. The items involved a $5 billion financing arrangement with a UAE bank and a $1 billion loan for rehabilitating Lagos ports.

Both transactions, if approved, would add to Nigeria's external debt obligations.