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Vol 67 No 7

Published 3rd April 2026


Nigeria

Parliament backs election budget

By getting MPs to back spending increases taking the 2026 budget to US$49.4 billion, a 15% increase on the plan tabled in December, President Bola Tinubu is leaving little to chance ahead of his re-election bid in January 2027. The extra money will come from $6bn in new loans, of which $5bn is set to come from First Abu Dhabi Bank, the largest lender in the United Arab Emirates.

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