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₦1.15 Trillion Boost: Senate Approves Tinubu’s Borrowing To Fuel 2025 Budget Implementation
The Senate has granted approval for President Bola Tinubu’s request to borrow ₦1.15 trillion from the domestic debt market to finance the 2025 national budget deficit.....KINDLY READ THE FULL STORY HERE▶
According to Nivo News, the approval came on Wednesday after the Senate considered and adopted a report from the Committee on Local and Foreign Debts, chaired by Senator Aliyu Wamakko (APC, Sokoto North). The report, presented by Vice Chairman Senator Haruna Manu (PDP, Taraba Central), recommended that the Senate endorse the proposed borrowing to address the funding shortfall for the 2025 fiscal year.
Senator Manu stated, “The Senate is to receive and consider the Report of the Committee on Local and Foreign Debts for the approval of the Borrowing Programme to Fund the 2025 Budget Deficit.” Lawmakers agreed that the borrowing was essential to ensure the implementation of key government programmes and projects.
President Tinubu’s borrowing request had been formally presented to the Senate on November 4, 2025, by Senate President Godswill Akpabio. In his letter, the President explained that the ₦1.15 trillion would be sourced domestically to close the budget gap and sustain government operations under the 2025 fiscal plan.
Following the submission, the request was referred to the Senate Committee on Local and Foreign Debts for review, which reported back within a week, leading to the chamber’s approval.
Atiku Abubakar, former Vice President, has said he is willing to step down if Peter Obi secures the African Democratic Congress (ADC) presidential ticket ahead of the 2027 elections.....KINDLY READ THE FULL STORY HERE▶
He made the remark during an interview on Arise News on Wednesday, where he was asked whether he would withdraw in Obi’s favour if the former Labour Party candidate wins the party’s primary.
Atiku confirmed he would respect the outcome, saying he is prepared to step aside for any winner, including Obi.
“Of course, if he is a contender, why not?” he added when pressed further.
He also noted that other aspirants such as Rabiu Kwankwaso and Rotimi Amaechi are also in the race for the ADC ticket.
The former presidential candidate explained that his stance reflects democratic principles, stressing that candidates can emerge either through consensus or election.
Atiku further expressed confidence that the North remains a strong political base for him ahead of 2027, saying the region continues to show unity and support in past elections.
A former Secretary to the Government of the Federation and chieftain of the African Democratic Congress (ADC), Babachir Lawal, has insisted that the party will participate in the 2027 general elections regardless of the position of the Independent National Electoral Commission (INEC).....KINDLY READ THE FULL STORY HERE▶
The United Kingdom’s Foreign, Commonwealth and Development Office (FCDO) has defended the presence of its officials at the African Democratic Congress (ADC) national convention, describing it as part of normal diplomatic engagement.....KINDLY READ THE FULL STORY HERE▶
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