{"id":164588,"date":"2025-05-27T22:02:12","date_gmt":"2025-05-27T21:02:12","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/tinubu-seeks-nass-approval-to-borrow-fresh-21-5m"},"modified":"2025-05-27T23:17:04","modified_gmt":"2025-05-27T22:17:04","slug":"tinubu-seeks-nass-approval-to-borrow-fresh-21-5m","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/tinubu-seeks-nass-approval-to-borrow-fresh-21-5m","title":{"rendered":"Tinubu seeks NASS approval to borrow fresh $21.5m"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>President Bola Ahmed Tinubu has requested the National Assembly\u2019s approval to secure external loans of $21.5 million and \u00a515 billion as part of the federal government\u2019s proposed 2025\u20132026 external borrowing plan.<\/p>\n

Also, the request consists of a grant of \u20ac65 million to be included in the federal government\u2019s external borrowing plan.<\/p>\n

The president\u2019s request was contained in a letter read by the Senate President, Godswill Akpabio, during the plenary on Tuesday.<\/p>\n

In the letter, Mr Tinubu said that the funds will be used to create employment, promote skill acquisition, enhance entrepreneurship, reduce poverty, and boost food security.<\/p>\n

He emphasised that the proposed projects and programmes are designed to have a nationwide impact, spanning all 36 states of the federation and the Federal Capital Territory (FCT).<\/p>\n

This fresh loan comes as Nigeria\u2019s total public debt stood at N144.7 trillion (approximately $94.2 billion), according to Debt Management Office December 2024 data. A breakdown of the existing public debt showed that about 51.4 percent of the total (N74.4 trillion) is domestic debt, while 48.6 percent (N70.3 trillion) is external debt.<\/p>\n

For More News And Analysis About Nigeria<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. President Bola Ahmed Tinubu has requested the National Assembly\u2019s approval to secure external loans of $21.5 million and \u00a515 billion as part of the federal government\u2019s proposed 2025\u20132026 external borrowing plan. Also, the request consists of a grant of \u20ac65 million to be included in the federal government\u2019s external borrowing plan. The […]<\/p>\n","protected":false},"author":84,"featured_media":164587,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29,28,2660],"tags":[678,254,945],"class_list":["post-164588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-to-homepage","tag-nass","tag-nigeria","tag-tinubu"],"yoast_head":"\nTinubu seeks NASS approval to borrow fresh $21.5m - Nigeria<\/title>\n<meta name=\"description\" content=\"President Bola Ahmed Tinubu has requested the National Assembly\u2019s approval to secure external loans of $21.5 million and ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/tinubu-seeks-nass-approval-to-borrow-fresh-21-5m\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tinubu seeks NASS approval to borrow fresh $21.5m\" \/>\n<meta property=\"og:description\" content=\"President Bola Ahmed Tinubu has requested the National Assembly\u2019s approval to secure external loans of $21.5 million and ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/tinubu-seeks-nass-approval-to-borrow-fresh-21-5m\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-27T21:02:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-27T22:17:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/05\/sm_1748371675.525573.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"1400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/tinubu-seeks-nass-approval-to-borrow-fresh-21-5m#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/tinubu-seeks-nass-approval-to-borrow-fresh-21-5m\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Tinubu seeks NASS approval to borrow fresh $21.5m\",\"datePublished\":\"2025-05-27T21:02:12+00:00\",\"dateModified\":\"2025-05-27T22:17:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/tinubu-seeks-nass-approval-to-borrow-fresh-21-5m\"},\"wordCount\":193,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/tinubu-seeks-nass-approval-to-borrow-fresh-21-5m#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/05\/sm_1748371675.525573.jpg\",\"keywords\":[\"NASS\",\"Nigeria\",\"Tinubu\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/tinubu-seeks-nass-approval-to-borrow-fresh-21-5m#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/tinubu-seeks-nass-approval-to-borrow-fresh-21-5m\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/tinubu-seeks-nass-approval-to-borrow-fresh-21-5m\",\"name\":\"Tinubu seeks NASS approval to borrow fresh $21.5m - 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