FG Seeks N17.89 Trillion in New Loans to Fund 2026 Budget

Category: Economy |

Nigeria TV Info 

FG Seeks N17.89 Trillion in New Loans to Fund 2026 Budget

The Federal Government of Nigeria has announced plans to secure N17.89 trillion in new loans to finance its 2026 budget. This ambitious borrowing plan comes amid efforts to meet rising infrastructure, social programs, and security expenditures. Officials say the loans will be sourced both domestically and internationally, with a focus on sustainable financing to avoid excessive debt servicing pressures. Analysts warn that while the funds could boost economic growth, careful management is crucial to prevent ballooning public debt.

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