Loan
President Bola Tinubu on Tuesday sought the approval of the Senate to borrow N1.15tn from the domestic debt market to finance part of the deficit in the 2025 national budget. The request, contained in a letter read during plenary by Senate President Godswill Akpabio, is the latest in a series of borrowing plans presented by […]
Former Labour Party presidential candidate Peter Obi has raised alarm over Nigeria’s rapidly increasing debt burden, warning that the country’s total public debt may surpass ₦200 trillion by the end of 2025. In a statement released via his official X (formerly Twitter) handle, Obi criticised the Federal Government’s continued borrowing, describing it as fiscally reckless and unsustainable, with […]
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