Economist reassures Nigerians over Tinubu's ₦1.15 trillion loan request for 2025 budget deficit

Economist Rewane provided reassurance to Nigerians regarding Bola Tinubu's ₦1.15 trillion loan request to finance the 2025 budget deficit. He explained that the loan request is not additional debt but a ratification of provisions already in the budget.

Rewane highlighted that Nigeria's revenue position has significantly improved, making debt repayment manageable. Tinubu's request aims to bridge funding gaps for government programs and capital projects in the 2025 fiscal plan.

The Senate is expected to review the proposal and take further legislative action.