President Bola Tinubu asks Nigeria’s House of Representatives to approve the issuance of promissory notes worth about ₦269.45 billion to settle outstanding financial obligations of the federal government.
The request is presented as part of a promissory-note approach aimed at addressing “verified” liabilities. Reports say Tinubu’s proposal is communicated through a formal letter from the Secretary to the Government of the Federation, George Akume, and read during a House plenary session. Vanguard additionally frames the move as seeking approval to establish and expand a Promissory Note Programme.
Across outlets, the central points are consistent: the same overall amount is cited, and the purpose is described as settling federal government debts or liabilities through promissory notes pending legislative approval. Differences are mainly in wording—how precisely the amount is rendered and whether the emphasis is on settling “debts” versus setting up or expanding the programme.
