{"id":8925,"date":"2026-11-04T14:02:15","date_gmt":"2026-11-04T14:02:15","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/04\/tinubu-seeks-senate-approval-for-fresh-7-7bn-foreign-loan\/"},"modified":"2026-11-04T14:02:15","modified_gmt":"2026-11-04T14:02:15","slug":"tinubu-seeks-senate-approval-for-fresh-7-7bn-foreign-loan","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/04\/tinubu-seeks-senate-approval-for-fresh-7-7bn-foreign-loan\/","title":{"rendered":"Tinubu seeks senate approval for fresh $7.7bn foreign loan"},"content":{"rendered":"<div><img loading=\"lazy\" width=\"309\" height=\"307\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/Tinubu-seeks-senate-approval-for-fresh-7.7bn-foreign-loan.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Tinubu seeks senate approval for fresh $7.7bn foreign loan\" decoding=\"async\" srcset=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/Tinubu-seeks-senate-approval-for-fresh-7.7bn-foreign-loan.jpg 309w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2026\/11\/Tinubu1-300x298.png 300w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2026\/11\/Tinubu1-107x107.png 107w\" sizes=\"auto, (max-width: 309px) 100vw, 309px\"><\/p>\n<p class=\"wp-block-paragraph\">By Henry Umoru<\/p>\n<p class=\"wp-block-paragraph\">ABUJA \u2014 President Bola Tinubu has written to the Senate, seeking approval for a fresh $7.7 billion external borrowing plan to part-finance the Federal Government\u2019s N20.2 trillion budget deficit.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">The request, at an exchange rate of N1,400 to the dollar, amounts to approximately N10.78 trillion.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">In a letter addressed to the President of the Senate, Senator Godswill Akpabio, Tinubu said the proposed borrowing was intended to provide funding for part of the budget deficit.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">Announcing the request, Akpabio disclosed that the latest proposal replaced an earlier $20.52 billion external loan request submitted to the Senate last week.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">He subsequently referred the communication to the Senate Committee on Local and Foreign Debts, chaired by Senator Aliyu Wamakko (APC, Sokoto North), for further legislative consideration.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">Details of the proposed borrowing are expected to emerge as the committee begins its consideration of the request.<\/p>\n<p>The post <a href=\"https:\/\/www.vanguardngr.com\/2026\/11\/tinubu-seeks-senate-approval-for-fresh-7-7bn-foreign-loan\/\">Tinubu seeks senate approval for fresh $7.7bn foreign loan<\/a> appeared first on <a href=\"https:\/\/www.vanguardngr.com\/\">Vanguard News<\/a>.<\/p>\n<\/div>\n<p>Source: <\/p>\n<div class=\"nSourse\">Vanguard News<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Henry Umoru ABUJA \u2014 President Bola Tinubu has written to the Senate, seeking approval for a fresh $7.7 billion external borrowing plan to part-finance the Federal Government\u2019s N20.2 trillion&hellip; <\/p>\n","protected":false},"author":1,"featured_media":8926,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-8925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/8925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=8925"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/8925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/8926"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=8925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=8925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=8925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}