By The National Assembly has given its approval to President Bola Tinubu’s proposal to obtain a ₦1.15 trillion domestic loan aimed at bridging the deficit in the 2025 national budget.
The loan will be sourced from the local debt market as part of the government’s broader borrowing plan to close the existing fiscal gap in the budget.
Earlier reports by PulseWire Nigeria noted that the House of Representatives, during its Wednesday sitting, also endorsed a $2.85 billion external borrowing request presented by the President to address funding needs in the 2025 fiscal year.
