Billion

The Federal Government is preparing the 2027 budget for presentation to the National Assembly by the end of 2026. It defends a proposed $21.7 billion external borrowing to finance infrastructure projects, with a focus on economic expansion and improving living conditions.

President Bola Tinubu is set to present the 2027 Appropriation Bill to the National Assembly before the end of 2026, as announced by Minister Doris Uzoka-Anite. The government is also pursuing a $21.7 billion loan for infrastructure investments.

The Nigerian federal government defended its proposed $21.7 billion external borrowing plan, stating it aims to finance productive investments in infrastructure and other sectors to boost economic growth. Finance Minister Taiwo Oyedele emphasized the plan's focus on asset creatio