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Tinubu seeks national assembly approval for $6bn borrowing

Femi Ashaolu by Femi Ashaolu
March 31, 2026
in News
Electoral Amendment Act: ‘Pro-democracy Tinubu’ afraid of Nigerians’ desire for free, fair election – ADC
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President Bola Tinubu has requested the National Assembly to approve external loans of $6 billion.

The request was contained in two separate letters addressed to Godswill Akpabio, senate president, and read during plenary on Tuesday.

In the first letter, Tinubu sought approval to secure a $5 billion loan from First Abu Dhabi Bank.

In another letter, the president sought approval to obtain a $1 billion UK export finance loan facility from Citibank in London.

Tags: borrowingNational AssemblyTinubu
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Femi Ashaolu

Femi Ashaolu

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