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BREAKING: Nigerian Senate Approves Tinubu’s N1.15tn Loan Request

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The Nigerian Senate has approved the request of President Bola Tinubu to raise N1.15 trillion from the domestic debt market to cover the unfunded portion of the 2025 budget deficit.

This comes after the adoption of a report by the Senate Committee on Local and Foreign Debt during plenary on Wednesday.

According to the committee, the 2025 Appropriation Act provides for a total expenditure of N59.99 trillion, representing an increase of N5.25 trillion over the N54.74 trillion initially proposed by the Executive.

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The expansion created a total budget deficit of N14.10 trillion. Of this, N12.95 trillion had already been approved for borrowing, leaving an unfunded deficit of approximately N1.15 trillion (N1,147,462,863,321).

READ ALSO:Senate Uncovers $300bn Unaccounted Crude Oil Sales

In a related development, a motion by Senator Abdul Ningi was adopted, directing the Senate Committee on Appropriations to intensify its oversight to ensure that the borrowed funds are properly implemented in the 2025 fiscal year and used strictly for their intended purposes.

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Recall that President Tinubu had on November 4th requested the approval of the National Assembly for a fresh N1.15 trillion borrowing from the domestic debt market to help finance the deficit in the 2025 budget.

The President’s request was conveyed in a letter. According to the letter, the proposed borrowing is intended to bridge the funding gap and ensure full implementation of government programs and projects under the 2025 fiscal plan.

 

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Adebayo Adedamola Wins Osun PDP Governorship Primary

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Adebayo Olugbenga Adedamola, popularly known as FRYO, has emerged as the Peoples Democratic Party, PDP, candidate for the August 8, 2026 governorship election in Osun State.

The primary election took place in Osogbo on Tuesday amid heavy security presence.

Announcing the result, chairman of the primary election committee, Humphrey Abba, stated that Adebayo secured 919 votes out of 957 accredited ballots, giving him a clear victory in the contest.

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Explaining that there were 20 void votes following the withdrawal of one of the candidates, believed to be Governor Ademola Adeleke, Abba added, “The candidate that got the remaining votes is Adebayo Adedamola with 919 votes and he stands elected and returned.”

READ ALSO:Davido Reacts As Gov Adeleke Dumps PDP

DAILY POST reports that despite announcing his resignation from the party, Adeleke’s name appeared on the ballot paper for the PDP governorship primary.

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Party officials said the exercise was conducted in accordance with established guidelines, with accredited delegates participating in the voting process.

Adeleke announced his resignation in a letter dated November 4, 2025, and addressed to the PDP leadership at his ward.

On Monday, Osun PDP chairman, Sunday Bisi, had announced that the governorship primary slated for Tuesday, December 2, 2025, has been postponed due to leadership crisis at the national level.

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But a faction of the party went ahead with the exercise in Osogbo on Tuesday.

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Gov Adeleke Resigns From PDP

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Osun State Governor, Ademola Adeleke, has resigned from the Peoples Democratic Party (PDP) ahead of the 2026 gubernatorial primaries of the party.

Adeleke’s resignation letter, dated November 4, 2025, sighted by Tribune Online was addressed to the PDP ward chairman for Ward 2, Sagba Abogunde, Ede, Osun State.

According to the letter, the governor’s resignation was based on “the current crisis of the national leadership of the People’s Democratic Party (PDP).”

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READ ALSO:Osun APC, PDP In War Of Words After Adeleke, Tinubu’s Meeting

According to the letter, titled: “Resignation of my membership of the People’s Democratic Party (PDP)’ read, “Due to the current crisis of the national leadership of the People’s Democratic Party (PDP), I hereby resign my Membership of the People’s Democratic Party with immediate effect.

“I thank the People’s Democratic Party for the opportunities given to me for my elections as a Senator (Represented Osun West) and as Governor of Osun State under the People’s Democratic Party.”

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Tinubu Sends Ex-INEC Chair, Former Oyo First Lady, 30 Additional Ambassadorial Nominees To Senate

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President Bola Tinubu has forwarded 32 additional ambassadorial nominees to the Senate for confirmation, just days after submitting an initial batch of three names.

In two separate letters to Senate President Godswill Akpabio, the President urged the upper chamber to consider and swiftly confirm 15 career diplomats and 17 non-career nominees.

The list includes four women among the career nominees and six women among the non-career nominees.

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Prominent names on the non-career list include Barrister Ogbonnaya Kalu from Abia State; former presidential aide, Reno Omokri (Delta); former chairman of the Independent National Electoral Commission (INEC), Prof. Mahmud Yakubu; former Ekiti First Lady, Erelu Angela Adebayo; and former Enugu State Governor, Ifeanyi Ugwuanyi.

READ ALSO:(VIDEO) Obasanjo To Tinubu: Why Are We Negotiating With Bandits?

Others are former Speaker of the Katsina State House of Assembly, Tasiu Musa Maigari; former Plateau State Commissioner, Yakubu N. Gambo; and former Deputy Executive Secretary of UBEC, Yakubu K. Musa.

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Also nominated are former Plateau senator, Prof. Nora Ladi Daduut; former Lagos Deputy Governor, Otunba Femi Pedro; former Aviation Minister, Chief Femi Fani-Kayode; and Barrister Nkechi Linda Ufochukwu from Anambra State.

Additional nominees include former Oyo First Lady, Fatima Florence Ajimobi; former Lagos Commissioner, Lola Akande; former Adamawa senator, Grace Bent; former Abia governor, Victor Okezie Ikpeazu; Senator Jimoh Ibrahim of Ondo State; and former envoy to the Holy See, Ambassador Paul Oga Adikwu (Benue).

READ ALSO:FULL LIST: US To Review Green Cards From 19 ‘Countries Of Concern’ After Washington Shooting

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The career ambassadorial nominees are Enebechi Monica Okwuchukwu (Abia), Yakubu Nyaku Danladi (Taraba), Miamuna Ibrahim Besto (Adamawa), Musa Musa Abubakar (Kebbi), Syndoph Paebi Endoni (Bayelsa), Chima Geoffrey Lioma David (Ebonyi), and Mopelola Adeola-Ibrahim (Ogun).

Others include Abimbola Samuel Reuben (Ondo), Yvonne Ehinosen Odumah (Edo), Hamza Mohammed Salau (Niger), Ambassador Shehu Barde (Katsina), Ambassador Ahmed Mohammed Monguno (Borno), Ambassador Muhammad Saidu Dahiru (Kaduna), Ambassador Olatunji Ahmed Sulu Gambari (Kwara), and Ambassador Wahab Adekola Akande (Osun).

The new nominees are expected to be deployed to countries with which Nigeria maintains strong and strategic diplomatic relations, including China, India, South Korea, Canada, Mexico, the United Arab Emirates, Qatar, South Africa, and Kenya, as well as to Permanent Missions such as the United Nations, UNESCO, and the African Union.

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READ ALSO:Irresponsible Of You To Blame Trump Over Rising Insecurity – ADC Blasts Tinubu’s Govt

Their specific postings will be determined after Senate confirmation.

Recall that President Tinubu, last week, forwarded three ambassadorial nominees, Ambassador Ayodele Oke (Oyo), Ambassador Amin Mohammed Dalhatu (Jigawa), and retired Colonel Lateef Kayode Are (Ogun), who are being considered for postings to the UK, USA, or France.

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President Tinubu said additional ambassadorial nominations will be announced in due course.

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