{"id":49222,"date":"2026-10-27T21:04:55","date_gmt":"2026-10-27T19:04:55","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=49222"},"modified":"2026-10-27T21:05:08","modified_gmt":"2026-10-27T19:05:08","slug":"nigerias-president-seeks-parliament-approval-for-about-21-7-billion-borrowing","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/nigerias-president-seeks-parliament-approval-for-about-21-7-billion-borrowing\/","title":{"rendered":"Nigeria&#8217;s President seeks parliament approval for about $21.7 billion borrowing"},"content":{"rendered":"<p>Nigerian President Bola Tinubu has asked the National Assembly to approve a \u200csupplementary external borrowing plan worth $20.52 billion and \u20ac1.05 billion ($1.17 billion) for 2026-2027 to fund infrastructure and other projects.<\/p>\n<p>&nbsp;<\/p>\n<p>In a letter to lawmakers, Tinubu \u2060said the plan would support projects across sectors including infrastructure, agriculture, healthcare, education, water supply, security, employment generation and financial management reforms aimed at accelerating economic growth.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;I submit the attached Federal Government 2026-2027 Supplementary External Borrowing \u200cPlan \u2060for consideration and early approval of the National Assembly to ensure prompt implementation of our projects,&#8221; Tinubu said.<\/p>\n<p>Tinubu said \u2060external funding was needed to bridge a financing gap created by the country&#8217;s substantial \u2060infrastructure needs.<\/p>\n<p>&nbsp;<\/p>\n<p>The borrowing request will require approval from the National Assembly \u2060before the government can proceed with the proposed financing programme.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":14514,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[78,44],"class_list":["post-49222","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-featured","news-type-finance","entry"],"acf":{"short_description":"President Bola Tinubu asks Nigerian lawmakers to approve multi-billion Dollar external loan","published_date":"2026-10-27 21:04:44","news_description":"President Bola Tinubu asks Nigerian lawmakers to approve multi-billion Dollar external loan","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/49222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":2,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/49222\/revisions"}],"predecessor-version":[{"id":49224,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/49222\/revisions\/49224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14514"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=49222"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=49222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}