Tinubu seeks $7.7bn loan approval, IGP orders election security crackdown, Obi visits Benue massacre site
President Tinubu asked the House of Representatives Wednesday to approve $7.71bn (₦10.79tn) in external borrowing to fund the 2026 budget deficit. The request, read by Speaker Tajudeen Abbas, covers the external borrowing component of the appropriation act.
IGP Olatunji Disu cancelled police leave for election security ahead of 2027 polls, ordered a nationwide bandit crackdown, and gave CPs in affected states 72 hours to submit threat assessments. Disu also warned the police will prosecute spreaders of fake news and fabricated videos.
Peter Obi visited Yelwata, Benue State Wednesday, laying a wreath for 271 people killed by armed invaders in June 2025 after two previous failed attempts to reach the village. VP Shettima, campaigning in Akure, accused Obi of "clout chasing" over the Flamingos airport welcome incident.
The APC campaign council dissolved its spokespersons, restricting official communication to DG Senator Abdulaziz Yari, Minister Dele Alake, and Information Minister Mohammed Idris. In Plateau, gunmen abducted five and injured two in Mista Ali, Bassa LGA Tuesday night.
The borrowing plan could pressure the naira and inflation. Security orders mean more police presence in volatile areas. Benue communities still await justice for mid-2025 massacres.
With $7.7bn new debt looming, will you hedge your savings now or wait for NASS debate clarity?