Abuja — November 12, 2025:
The National Assembly has approved the Federal Government’s request to raise ₦1.15 trillion through domestic borrowing to finance the unfunded portion of the 2025 budget deficit.
The approval followed separate considerations and adoption of reports by both chambers — the Senate and House of Representatives — on the government’s borrowing plan.
According to the Federal Government, the new loan is structured on concessional terms with low interest rates, designed to ensure fiscal sustainability while supporting key development goals.
The proceeds will be channeled primarily into long-term capital projects and human capital development initiatives, aimed at stimulating economic growth and enhancing national productivity.
The borrowing became necessary following an increase in the 2025 budget size, which created a funding gap yet to be covered by earlier-approved borrowing provisions.
Government officials have assured that the facility will be judiciously utilized and closely monitored to ensure value for money and effective budget implementation.
