{"id":136241,"date":"2025-11-15T11:00:17","date_gmt":"2025-11-15T11:00:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/136241\/"},"modified":"2025-11-15T11:00:17","modified_gmt":"2025-11-15T11:00:17","slug":"nigeria-parliament-approves-1-15-trillion-naira-extra-borrowing-to-cover-budget-gap","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/136241\/","title":{"rendered":"Nigeria parliament approves 1.15 trillion naira extra borrowing to cover budget gap"},"content":{"rendered":"<p class=\"blog_bn-inline-content__T0GdB text-text-text-secondary text-paragraph-md-regular leading-[28.4px]\"><img width=\"150\" height=\"150\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/11\/image-1252-150x150.png\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"Nigeria parliament approves 1.15 trillion naira extra borrowing to cover budget gap\" decoding=\"async\" loading=\"lazy\" title=\"Nigeria parliament approves 1.15 trillion naira extra borrowing to cover budget gap\"\/>\n<\/p>\n<p>Nigeria\u2019s National Assembly on Wednesday approved an additional 1.15 trillion naira ($784 million) in domestic borrowing to help fund a shortfall in the 2025 budget.<\/p>\n<p>President Bola Tinubu sought the approval two weeks ago, citing a gap between the 12.95 trillion naira deficit proposed by the executive and the 14.10 trillion naira passed by lawmakers.<\/p>\n<p>Nigeria\u2019s 2025 budget stands at 59.99 trillion naira, with the deficit to be financed through a mix of external and domestic borrowing.<\/p>\n<p>Last week, the country raised $2.35 billion via Eurobond issuance, which drew $10.65 billion in bids. Finance Minister Wale Edun said the strong demand reflected confidence in Nigeria\u2019s reform plans and commitment to sustainable growth.<\/p>\n<p><a target=\"_blank\" rel=\"noopener noreferrer nofollow\" class=\"text-blue-500 font-normal\" href=\"https:\/\/www.myjoyonline.com\/nigeria-parliament-approves-1-15-trillion-naira-extra-borrowing-to-cover-budget-gap\/?ref=cedirates\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Nigeria\u2019s National Assembly on Wednesday approved an additional 1.15 trillion naira ($784 million) in domestic borrowing to help&hellip;\n","protected":false},"author":2,"featured_media":136242,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-136241","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/136241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=136241"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/136241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/136242"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=136241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=136241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=136241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}