$20.5 Billion External Borrowing Plan: Will the National Assembly Rise to Its Constitutional Responsibility? – HallowMace Africa
By HallowMace Africa President Bola Ahmed Tinubu’s request for National Assembly approval to secure $20.5 billion and €1.05 billion in external loans under the 2026–2027 Supplementary External Borrowing Plan raises fundamental questions about Nigeria’s debt sustainability, fiscal responsibility, and the independence of the legislature. While external borrowing may be necessary to finance critical infrastructure, security,…