Tinubu Seeks Reps’ Approval of Terms for ₦10.79tn in 2026 Foreign Loans

President Bola Tinubu has asked the House of Representatives to approve the terms and conditions for accessing ₦10.79 trillion in external loans included in the 2026 budget. The request was read during Wednesday’s plenary session. It covers $7.71 billion at the budget exchange rate of ₦1,400 to the dollar and is intended to help finance the budget deficit.

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