Nigeria Seeks Approval for US$7.7 Billion External Borrowing

On 4 November, President Bola Tinubu asked the National Assembly to approve a new external borrowing plan of approximately US$7.707 billion, equivalent to about ₦10.9 trillion at the exchange rate cited in the request. The proposed funds would support projects and programmes under the 2026 budget and remain subject to legislative approval; final borrowing costs have not been set. HPC can assist organisations interested in public-sector project opportunities, investment partnerships and government procurement.

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