𝐓𝐢𝐧𝐮𝐛𝐮 𝐬𝐞𝐞𝐤𝐬 ₦𝟏.𝟏𝟓𝐭𝐫𝐧 𝐝𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐥𝐨𝐚𝐧 𝐭𝐨 𝐟𝐮𝐧𝐝 𝟐𝟎𝟐𝟓 𝐛𝐮𝐝𝐠𝐞𝐭 𝐝𝐞𝐟𝐢𝐜𝐢𝐭

President Bola Tinubu has written to the National Assembly seeking approval for a fresh ₦1.15 trillion loan from the domestic market to help finance the deficit in the 2025 national budget.

In a letter read during Tuesday’s plenary, Tinubu explained that the borrowing is part of the government’s fiscal plan to sustain key infrastructure and social investment projects amid dwindling oil revenue and rising expenditure obligations.

The President assured that the loan will be sourced under favourable terms and managed responsibly to ensure fiscal stability while advancing Nigeria’s economic growth agenda.