Economy
Tinubu Seeks Fresh ₦1.15trn Domestic Loan
President Bola Tinubu has requested the approval of the National Assembly for a fresh ₦1.15 trillion borrowing from the domestic debt market to help finance the deficit in the 2025 budget.
The President’s request was conveyed in a letter read on the floor of the Senate during plenary on Tuesday.
According to the letter, the proposed borrowing is intended to bridge the funding gap and ensure full implementation of government programs and projects under the 2025 fiscal plan.
The Senate President subsequently referred the request to the Senate Committee on Local and Foreign Debt to report back within one week for further legislative action.
-
Breaking News3 years agoBREAKING: CBN Redesigns Naira Notes
-
Breaking News2 years agoBREAKING: Tinubu Considers Temporary Subsidy On Petrol
-
Breaking News2 years agoJUST IN: Gbajabiamila Dies In UK
-
News3 years agoDrama As Church Gives Certificate Of Virginity To Ladies After Testing Them (See Photos)
-
Crime3 years agoUproar As Student Teacher On Teaching Practice Impregnates 24 Girls, Headmistress, Four Female Teachers
-
Breaking News9 months agoJUST IN : Sacked Osun LG Chairman Killed Few Minutes After Returning To Office
-
Breaking News2 years agoBREAKING: Dangote Speaks As BUA Reduces Price Of Cement
-
Crime3 years agoJUST IN: Gunmen Storm Osogbo, Kill Man, Daughter Few Hours After His Wife Put To Bed (Photos)