YPP Urges National Assembly to Suspend Tinubu’s $20.5 Billion Loan

Young Progressives Party (YPP) presidential candidate Peter Agada urged the National Assembly to postpone consideration of President Bola Tinubu’s external borrowing request until after Nigeria’s 2027 general election. Tinubu sought approval for $20.52 billion and €1.045 billion, as Nigeria’s public debt stood at ₦166.79 trillion in June 2026. Agada criticized the timing and proposed that, if lawmakers approve the borrowing, disbursements be barred from January through May 2027. He also proposed public-sector savings, including cutting governance costs by 40 per cent and merging agencies he considers duplicative.