Stella Dimoko Korkus.com: HOR Approves President Tinubu's Request To Borrow $2.35 billion To Fund Part Of 2025 Budget Deficit

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Thursday, October 30, 2025

HOR Approves President Tinubu's Request To Borrow $2.35 billion To Fund Part Of 2025 Budget Deficit

Nigeria’s House of Representatives has approved President Bola Tinubu’s request to borrow $2.35 billion and issue a $500 million sovereign sukuk to support the 2025 budget and infrastructure development because Nigeria faces a ₦9.27 trillion budget shortfall in 2025.


 The $500 million sovereign sukuk will be used to finance key infrastructure developments, such as roads, power, agriculture, health, and education projects while also diversifying Nigeria’s financing sources.

The Sukuk, a Sharia-compliant financial instrument, allows Nigeria to tap into Islamic capital markets, attracting new infrastructure investors from the Middle East and Asia.
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3 comments:

  1. Miss Ess30 October 2025 at 09:10

    Na wa

    ReplyDelete
  2. Apple of God's own eyes30 October 2025 at 11:03

    This man greedy it's on another level.

    People thought that Buhari was evil.
    People see your Messiah 😁😁!!!

    Kuku sell Nigerian.😡

    ReplyDelete
  3. Glory O30 October 2025 at 11:21

    Inukwa Akiko 🙄

    ReplyDelete

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