The Nigerian Senate has approved President Bola Ahmed Tinubu’s request to obtain a ₦1.15 trillion loan to help finance the 2025 budget deficit, aimed at sustaining key infrastructure projects and stabilizing the nation’s fiscal balance amid ongoing economic challenges.
According to Channels Television, the loan request was approved after extensive debate during Thursday’s plenary session. Lawmakers from both the ruling All Progressives Congress (APC) and opposition parties acknowledged the need for additional funding but urged transparency and accountability in loan utilization.
Premium Times reports that the facility will be sourced from both domestic and international lenders, with repayment terms to be structured over a medium-term fiscal plan. The Senate Committee on Finance confirmed that the borrowed funds will prioritize capital projects, including road construction, energy investments, and healthcare expansion.
The Guardian Nigeria notes that Senate President Godswill Akpabio assured Nigerians that the decision was made in the country’s best interest, emphasizing that the Senate will conduct strict oversight to prevent misuse of funds.
Meanwhile, Vanguard highlights growing public concern over Nigeria’s rising debt profile, which analysts say could exceed ₦100 trillion if borrowing continues at the current pace. Economists have called on the federal government to boost revenue generation through taxation reforms and non-oil exports to reduce reliance on loans.
Sources
Channels Television — “Senate Approves Tinubu’s ₦1.15trn Loan Request for 2025 Budget,” Nov. 13, 2025
Premium Times — “Lawmakers Back Tinubu’s Borrowing Plan to Fund Budget Deficit,” Nov. 13, 2025
The Guardian Nigeria — “Senate Okays ₦1.15trn Loan Amid Fiscal Concerns,” Nov. 13, 2025
Vanguard — “Nigeria’s Debt Rises as Senate Approves Fresh ₦1.15trn Loan,” Nov. 13, 2025
