Tinubu Foreign Loan Requests

President Bola Tinubu has revised Nigeria's external borrowing proposal from $20.52 billion to $7.7 billion, focusing on Eurobonds to finance the 2026 budget. The new request aims for quicker access to international funding while addressing previous concerns about borrowing scale

President Bola Tinubu's request for a $7.7bn external loan to address Nigeria's budget deficit was referred to the Senate's Committee on Local and Foreign Debts for consideration. The loan is part of a broader financing plan for the 2026 fiscal year.

President Bola Ahmed Tinubu has requested approval from the National Assembly for a $7.7 billion loan to address Nigeria's 2026 budget deficit. This follows a previous request for a $20 billion loan, amid concerns over the country's rising debt profile.