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Analyst Challenges Tinubu’s $20.5bn Borrowing Plan Amid High Oil Prices

ZAlebs · Oct 30, 2026

Economic and financial analyst Emmanuel Kelvin has challenged President Bola Tinubu’s request for fresh external financing of $20.5 billion and €1.45 billion, questioning the need for additional debt at a time of elevated oil prices. Speaking on Channels Television, Kelvin said crude oil at $145 a barrel should substantially lift Nigeria’s public revenue through higher […]

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