The African Democratic Congress (ADC) has strongly criticized President Bola Tinubu’s administration for seeking fresh domestic borrowing. This comes despite claims that the government met or surpassed non-oil revenue targets. Following the National Assembly’s approval of a new ₦1.15 trillion loan, the opposition described the move as “reckless debt accumulation wrapped in propaganda.” ADC warns…
The Nigerian Senate has approved President Bola Tinubu’s ₦1.15 trillion loan request from the domestic debt market to fund the 2025 budget. The Tinubu loan aims to cover the current budget deficit and ensure continuous implementation of critical national projects. The approval followed the adoption of a report by Senator Manu Haruna (APC–Taraba), Vice Chairman…
President Bola Tinubu has asked the National Assembly to approve a new ₦1.15 trillion loan to support the 2025 budget. His letter to lawmakers, read by Senate President Godswill Akpabio during Tuesday’s plenary, outlined the purpose of the request. Tinubu said the domestic loan would cover part of the budget deficit and ensure the full…
