Tinubu Seeks Reps’ Approval for ₦269.4bn in Promissory Notes to Settle Federal Government Debts

Author: Gift ChapiOdekinaPublished on: October 27, 2026Country: Nigeria

PoliticsBusiness & Economy

Tinubu Seeks Reps’ Approval for ₦269.4bn in Promissory Notes to Settle Federal Government Debts

President Bola Tinubu has asked the National Assembly to approve ₦269.44 billion in promissory notes to settle verified Federal Government liabilities. In a letter read to the House of Representatives, Secretary to the Government of the Federation George Akume said the debts cover contractual, project-related and other financial obligations reviewed by relevant ministries and agencies. The programme would require final verification of claims and aims to curb interest and penalties while spreading repayments to avoid an immediate strain on government cash flow.

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