Senate approves Tinubu’s N1.15tn domestic loan fill 2025 budget gap
[NigerianEye - Nigeria] - 12/11/2025
The Senate has approved President Bola Tinubu’s request to raise N1.15 trillion from the domestic debt market to cover the unfunded portion of the 2025 budget deficit.The approval followed the adoption of a report by the Senate Committee on Local and Foreign Debt during plenary on Wednesday.The committee noted that the 2025 Appropriation Act provides for a total expenditure of N59.99 trillion, an increase of N5.25 trillion over the initial N54.74 trillion proposed by the Executive.This expansion created a total budget deficit of N14.10 trillion, of which N12.95 trillion had already been (…)
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