Nigeria: Tinubu Writes Senate, Seeks Fresh ₦1.15trn Domestic Loan to Fund 2025 Budget Deficit

Nigeria: Tinubu Writes Senate, Seeks Fresh ₦1.15trn Domestic Loan to Fund 2025 Budget Deficit

*Akpabio says part of it will be used to pay local contractors

Tinubu writes senate, seeks fresh ₦1.15trn domestic loan to fund Budget

ABUJA- PRESIDENT Bola Tinubu has written the Senate, seeking for a fresh ₦1.15 trillion borrowing from the domestic debt market to help finance the deficit in the 2025 budget.

Tinubu seeks fresh N1.15trn domestic loan

President Bola Tinubu has sought the approval of the National Assembly for a fresh N1.15 trillion borrowing from the domestic debt market to help finance

Tinubu Seeks Fresh ₦1.15trn Domestic Loan to Bridge 2025 Budget Deficit

President Bola Tinubu has formally asked the Senate to approve a ₦1.15 trillion loan to help finance the 2025 budget. According to a letter read to senators by Senate President Godswill Akpabio on Tuesday in Abuja, President Tinubu intends to secure this facility from the domestic market. The President clarified that the proposed borrowing is necessary to cover the deficit within the total ₦54.99 trillion budget. He wrote:“I write to kindly requ…

Tinubu go for N1.15trn loan again !

By, Inusokan Aiyedatiwa President Bola Tinubu is seeking Senate approval to borrow N1.15tn from the domestic debt market . There is growing public concern over Nigeria’s ballooning debt profile, which, according to the Debt Management Office, had surpassed N97tn by mid-2025. YOUNEWS learnt It is to finance part of the deficit in the 2025 national ...

President Tinubu Writes Senate, Seeks Approval For New N1.15trn Loan

President Bola Tinubu has written to the Nigerian senate, seeking their approval for a fresh N1.15 trillion loan from the domestic debt market to finance the deficit in the 2025 budget.…The post President Tinubu Writes Senate, Seeks Approval For New N1.15trn Loan appeared first on The Liberation News Nigeria.