₦airaland Forum

Nigeria’s House of Representatives has granted approval to President Bola Tinubu’s request to borrow $2.35 billion from external sources to finance a portion of the 2025 budget deficit, a decision made despite the nation's soaring debt profile.

Dependable NG reports that the lower legislative chamber, during its plenary session on Wednesday, also gave its consent to the President's plan to issue a $500 million debut sovereign sukuk in the international capital market (ICM). This financial instrument is intended to fund crucial infrastructure projects across the country and diversify Nigeria’s sources of financing. The House gave its formal approval after considering and adopting the comprehensive report submitted by its Committee on Aid, Loans and Debt Management.


This move comes amidst widespread concern over the nation’s increasing debt burden. Nigeria’s total public debt stood at a massive N149.39 trillion as of the first quarter of 2025, which represents a significant rise from the N121.7 trillion recorded in the preceding year. The Speaker of the House of Representatives, Tajudeen Abbass, had previously stated in September 2025 that Nigeria’s debt profile had crossed a "dangerous threshold." However, the Presidency has consistently maintained that the country, under the leadership of President Tinubu, is practicing prudent borrowing rather than being over-leveraged.

https://dependable.ng/despite-record-debt-house-of-reps-approves-tinubus-2-35-billion-loan-request/

mynd44 seun nlfpmod

This cro.ked in power has finished this country

A-loot-a-continua

What some people always wanted...

Good2go1:
This cro.ked in power has finished this country

If u like no go struggle to get a piece of the pie for yourself.

No food for lazeee man, na so them tell us o.

At this point, the question to Akpabio should be; is there anything that Tinubu demands from you that you and your rubber stamp Senate won't approve without batting an eyelid? If he asks for permission to hand Nigeria over to Al-Shabab, are you not going to approve that too?

This is astonishing! Totally emberassing. Not even in the discredited era of the fat Ahmed Lawan did we witness this brand of legislative debauchery. It seems like Akpabio is the most crooked political player to come out of the South South in recent history..

buckeyemedia:
If u like no go struggle to get a piece of the pie for yourself.

No food for lazeee man, na so them tell us o.

See this laptop boy talking like he has a seat at the table.

buckeyemedia:
If u like no go struggle to get a piece of the pie for yourself.

No food for lazeee man, na so them tell us o.

more money to the bullion vans CEO ,you will get 54 bullion vans for this your advice from the bullion vans CEO lagos state