By Olokuta Rofiat
The National Assembly has approved President Bola Tinubu’s request to secure a $2.35 billion external loan to support the 2025 national budget and fund key infrastructure projects.
Lawmakers said the facility aims to bridge Nigeria’s budget deficit and complement revenue generation.
However, some opposition members cautioned against rising debt levels and urged transparency in fund management.
The approval forms part of the Tinubu administration’s fiscal strategy to align borrowing with revenue gaps and developmental priorities.
