Agbese Supports Tinubu's N10.8 Trillion Loan Request

Hon. Philip Agbese (Rep, Ado/Ogbadigbo/Okpokwu), representing the Ado/Okpokwu/Ogbadigbo Federal Constituency of Benue state and serving as Deputy Spokesperson of the House, expressed support for President Bola Tinubu's request for a N10.8 trillion external loan. This request, part of the 2026 Appropriations Act, aims to finance critical projects and consolidate macroeconomic gains.

Agbese praised the performance of Finance Minister Taiwo Oyedele and Budget Minister Abubakar Atiku Bagudu, noting that government revenue reached approximately N11.9 trillion in the first half of 2026. The economy grew by 4.43 percent in Q2 2026, marking the strongest growth since Q3 2024, driven by improved crude oil production and a resilient non-oil sector.

Agbese emphasized the importance of evaluating the borrowing request against the country's funding needs and urged ministries to enhance budget execution and accountability to ensure effective results for citizens.