President Tinubu’s Borrowing Summary (As of May 2025) External Borrowing 1. New Loan Request (May 2025) President Tinubu requested approval for: • $21.5 billion, • €2.2 billion, • ¥15 billion for the 2025–2026 borrowing plan. Estimated Naira value using approximate exchange rates: • $1 ≈ ₦1,600 • €1 ≈ ₦1,800 • ¥1 ≈ ₦11 Converted values: • $21.5 billion × ₦1,600 = ₦34.4 trillion • €2.2 billion × ₦1,800 = ₦3.96 trillion • ¥15 billion × ₦11 = ₦0.165 trillion Total (proposed): ≈ ₦38.525 trillion 🔹 Note: This is a loan request. Approval and disbursement are pending as of May 2025. ⸻ 2. $800 Million World Bank Loan (Approved July 2023) • Purpose: To cushion fuel subsidy removal. • ₦1.28 trillion (at ₦1,600/$) 3. $3 Billion AFREXIM Loan (August 2023) • Secured by NNPC against future oil revenues. • ₦4.8 trillion 4. $7.8 Billion Loan Request (November 2023) • For infrastructure, health, education, and security under the 2022–2024 plan. • ₦12.48 trillion 5. $6.45 Billion World Bank Loans (Reported April 2025) • Possibly overlapping with the $800M and $7.8B above. • Estimated value: ₦10.32 trillion 🔹 To avoid double-counting, this amount is considered part of the previously listed loans unless new information shows otherwise. ⸻ Domestic Borrowing 1. ₦20.1 Trillion in Bonds (June 2023–May 2024) • Raised from domestic investors within the first year. • 117% increase over the previous year. 2. ₦758 Billion Pension Bond Request (May 2025) • To clear pension liabilities under the Contributory Pension Scheme. 3. $2 Billion FX-Denominated Domestic Bond (Requested May 2025) • For issuance in the local market. • ₦3.2 trillion ⸻ Ways and Means (CBN Loans) 1. ₦7.3 Trillion Securitized Loan (December 2023) • Added to the ₦22.7 trillion inherited from the Buhari administration. • Tinubu’s share: ₦7.3 trillion ⸻ Total Estimated Borrowing (Confirmed and Non-Overlapping) Category Amount (₦ Trillion) External Loans ₦18.56 trillion Domestic Loans ₦24.06 trillion Ways & Means ₦7.3 trillion Total ₦49.92 trillion 🔹 Excludes the new ₦38.53 trillion loan request to avoid double-counting. ⸻ If New ₦38.53 Trillion Loan is Approved If the May 2025 request is added: • ₦49.92 trillion + ₦38.53 trillion = ₦88.45 trillion ⸻ Potential Borrowing with Additional ₦45 Trillion (Hypothetical) If an additional ₦45 trillion is requested/approved in the future: • ₦49.92 trillion + ₦45 trillion = ₦94.92 trillion 🧮 President Tinubu could borrow up to ₦94.9 trillion within his first two years in office, depending on approvals and disbursements.#Tinubu #president