The Nigerian House of Representatives has approved President Bola Tinubu's request for new external borrowing to cover the 2025 budget deficit. This decision aims to finance key aspects of the national budget amid ongoing fiscal challenges.
On October 29, 2025, the House of Representatives in Nigeria approved President Bola Tinubu's request for additional external borrowing. The move is intended to address the deficit in the 2025 national budget, as reported by ThisDayLive.
This approval comes as part of efforts to fund essential government expenditures. The request highlights ongoing fiscal pressures in the country, where borrowing has become a common strategy to bridge budget shortfalls.
No specific details on the borrowing amount or terms were provided in the available reports. The decision follows standard legislative processes for approving executive financial requests.
Related headlines from the same outlet mention other legislative actions, such as Senate confirmations of service chiefs and presidential pardons, but these do not directly impact the borrowing approval.