Tinubu Requests N1.15 Trillion Domestic Loan To Fund 2025 Budget
President Bola Tinubu has approached the National Assembly seeking approval to borrow N1.15 trillion from the domestic debt market to fund the 2025 budget deficit. The request was presented to the Senate on Tuesday through a letter read during plenary. The letter explained that the proposed borrowing would help close the budget gap and ensure the full execution of government programmes and projects outlined in the 2025 fiscal plan. Senate President Godswill Akpabio has referred the request to the Senate Committee on Local and Foreign Debt, directing the committee to report back within one week for further legislative action.