Nigerian Senate Approves ₦1.15 Trillion Borrowing Request by Tinubu
The Nigerian Senate has approved President Tinubu's request to borrow ₦1.15 trillion from the domestic debt market to fund the deficit in the 2025 national budget. The approval followed the presentation of a report by the Senate Committee on Local and Foreign Debt, chaired by Senator Aliyu Wamakko.
Vice Chairman Senator Haruna Manu sought the Senate's endorsement to bridge the funding gap for the fiscal year 2025. The borrowing is intended to support the implementation of key government programs and projects.
Plus234Feed summary based on reporting from NaijaNews. Read the original report below.
Read full article
Continue on NaijaNews
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Senate Approves ₦1.15 Trillion Loan for 2025 Budget Deficit
Nigeria's House of Representatives Approves $2.35B Loan Request for 2025 Budget
Tinubu Seeks $2.34bn External Borrowing Approval for Budget Support
Nigerian House of Representatives Approves External Borrowing to Finance Budget Deficit
Nigeria's House of Representatives Approves $2.35bn Loan and $500m Sukuk for Infrastructure Funding
President Tinubu Seeks Senate Approval for $2.3bn Loan to Support Budget
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
