By Ikugbadi Oluwasegun
The Senate and House of Representatives have approved Federal Governments’ domestic borrowing request of 1.150 trillion naira.

The money will be used to close unfunded deficit gap created by the increase in the 2025 budget size.
The borrowing, as explained by the federal government, is on concessional terms with low interest rates and shall be deployed for long-term capital expenditure and human capital development.