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Nigeria’s Federal Government has significantly expanded its borrowing plan for 2026, pushing total debt financing to N29.20 trillion, a sharp jump of N11.31 trillion from the N17.89 trillion projection that appeared in the Abridged Budget Call Circular issued by the Federal Ministry of Budget and Economic Planning in December 2025. The revised figure is contained…
The Senate has granted approval for President Bola Tinubu to secure $6 billion in external loans, clearing the way for fresh borrowing to address fiscal gaps and fund rehabilitation work at Nigeria’s busiest seaports. The approval followed the consideration of a report by the Senate Committee on Local and Foreign Debts, chaired by Senator…
