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Tinubu seeks fresh $7.7bn loan

📍 Abuja, Nigeria, NG·🕐 41m ago·3 outlets

President Bola Ahmed Tinubu has formally requested approval from the National Assembly to secure a fresh external loan of $7.7 billion (approximately ₦10.79 trillion) to part-finance the Federal Government’s ₦31.4 trillion budget deficit for the 2026 fiscal year. The request, contained in a letter dated October 26, 2026, and addressed to the Senate President, was…

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✓ Verified · 3 outlets

Two or more outlets reported this story and its reliability score reached 65%, so WorldPulse marks it verified. That means more than one outlet says so, not that it is proven true.

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[Claude] The outlets differ: Report 2 covers the same $7.7bn borrowing request; Report 3 gives the budget deficit as N20.2 trillion while Report 1 says ₦31.4 trillion, which cannot both be true.

41m ago
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91%

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