Tinubu seeks Reps’ approval to settle N269.45bn FG debts
President Bola Tinubu has asked the House of Representatives to approve the issuance of promissory notes worth N269.45bn to settle outstanding FG debts. Read More: https://punchng.com/tinubu-seeks-reps-approval-to-settle-n269-45bn-fg-debts/
President Bola Tinubu has requested approval from the House of Representatives to expand the Federal Government's Promissory Note Programme. This programme aims to settle outstanding financial obligations worth N269.45bn owed to creditors. The request was made in a letter dated August 18, 2026, and read during a plenary session. The government believes the expanded programme will provide a structured and fiscally responsible way to address the liabilities while minimizing the immediate impact on cash flow.
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