- National Assembly don give President Bola Tinubu go-ahead to borrow $2.347 billion as e dey inside the 2025 Appropriation Act.
The borrow plan go help government fund di ₦9.27 trillion budget deficit and also use part of am take pay old Eurobond wey go mature November 2025.
Senate and House of Reps approve the request on Thursday after dem adopt report from dem committees on loans and debts.
Wetin dem plan be say, $1.229 billion go support di 2025 budget while another $1.118 billion go take care of di Eurobond wey don near maturity.
Dem also approve make Nigeria issue one new $500 million Sovereign Sukuk for international market to fund big infrastructure projects.
Senator Aliyu Wamakko lead di committee for Senate, while Hassan Nalaraba present di report for House of Reps.
Senator Sani Musa talk say di borrow no be waste, say e go help make di budget get correct funding.
Senator Tokunbo Abiru come add say di borrowing don already dey part of di 2025 budget framework, and e dey follow government plan to reduce deficit.
President Tinubu first send di request go National Assembly early October, and e talk say di borrow fit come from Eurobond, loan syndication, or direct borrowing from international financial bodies.
Lawmakers don beg make government use di money well — especially for projects wey go create job and support economy growth for Nigeria.
