- Tinubu Seeks Senate Approval for ₦1.15 Trillion Domestic Borrowing to Fund 2025 Budget
- The Debt is expected to cover the funding shortfall in the 2025 national budget.
- The request was read during Tuesday’s plenary by Senate President Godswill Akpabio
President Bola Tinubu has formally written to the Senate, seeking approval to borrow ₦1.15 trillion from the domestic debt market to cover the funding shortfall in the 2025 national budget.
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Eko Hot Blog reports that the request was read during Tuesday’s plenary by Senate President Godswill Akpabio, who confirmed that the proposed borrowing aims to bridge the fiscal gap and ensure the full implementation of government programmes and projects outlined in the 2025 budget.
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Following the announcement, Akpabio referred the letter to the Senate Committee on Local and Foreign Debt, chaired by Senator Aliyu Wammako (APC, Sokoto North), instructing the committee to report back within one week for further legislative consideration.
