Nigeria’s Tinubu Seeks Approval for $7.7 Billion Loan, Withdraws Earlier Requests
President Bola Tinubu withdrew requests for approval of $20.5 billion and €1.05 billion in external borrowings, replacing them with a $7.7 billion loan proposal to partly finance the 2026 budget deficit.
By Staff WriterPresident Bola Tinubu has formally withdrawn his earlier request seeking legislative approval to process external borrowings of $20.5 billion and €1.05 billion, replacing it with a fresh $7.7 billion loan proposal to partly finance the 2026 budget deficit.The policy shift was conveye…