Tinubu seeks House approval for N10.79tn external borrowing

President Bola Tinubu has written to the House of Representatives to seek legislative approval for the implementation of the N10.79 trillion external borrowing plan in the 2026 Appropriation Act, according to Nairametrics. Vanguard reported that the request aims to raise approximately $7.7 billion to finance part of the federal government's budget deficit. Speaker Tajudeen Abbas disclosed that the request is not new, as the House had previously considered the matter, Nigerian Tribune reported. The letter was read during the plenary session, Nigerian Eye noted.

What we know

• The President requested approval for N10.79 trillion in external borrowing.
• The amount is equivalent to approximately $7.7 billion.
• The borrowing is part of the 2026 Appropriation Act.
• Speaker Tajudeen Abbas stated the request is not new.

Sources

1. Tinubu seeks House of Reps approval for N10.79 Trillion external borrowing – Nairametrics, 4 h ago
2. Tinubu seeks Reps’ approval for $7.7bn external borrowing plan in 2026 budget – Vanguard, 4 h ago
3. Tinubu seeks Reps approval to implement N10.79tn external borrowing plan – Punch, 3 h ago
4. Tinubu seeks Reps’ approval for N10.8trn external borrowing – BusinessDay, 3 h ago
5. Tinubu asks Reps to approve ₦10.79tn external borrowing plan – The Sun, 3 h ago
6. Tinubu Seeks Reps’ Approval to Access N10.79tn External Loans for 2026 Budget – Nigerian Eye, 2 h ago
7. Tinubu’s request for $7.7bn external borrowing plan is not new – Speaker Tajudeen – Nigerian Tribune, 1 h ago
8. Tinubu seeks Reps’ approval for ₦10.8trn external borrowing – The ICIR, 1 h ago
9. Tinubu Writes Reps, Seeks Approval To Implement N10.79trn External Borrowing Plan – Leadership, 32 min ago
10. Tinubu seeks Reps’ nod for $7.7b external borrowing plan – The Eagle Online, 18 min ago

Updates

• 11 Nov, 18:09 WAT – Now also reported by The Eagle Online
• 11 Nov, 18:02 WAT – Summary updated with new reporting
• 11 Nov, 17:58 WAT – Now also reported by Nigerian Tribune, Leadership
• 11 Nov, 16:38 WAT – Now also reported by The ICIR
• 11 Nov, 15:57 WAT – Now also reported by The Sun
• 11 Nov, 15:30 WAT – Summary updated with new reporting
• 11 Nov, 15:30 WAT – Now also reported by Nigerian Eye
• 11 Nov, 14:34 WAT – Now also reported by BusinessDay
• 11 Nov, 14:25 WAT – Summary updated with new reporting
• 11 Nov, 14:25 WAT – Now also reported by Punch
• 11 Nov, 14:22 WAT – Story published - 2 outlets

This page groups reports from the outlets above; headlines belong to their publishers. Summary written by our automated desk from multiple reports. How we work.

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