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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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PDP Crisis: INEC Rejects Turaki-led NWC

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The Independent National Electoral Commission, INEC, has said it will not recognise the Kabiru Turaki-led National Working Committee, NWC, of the Peoples Democratic Party, citing existing court judgments and unresolved legal processes.

This was as contained in a letter dated December 22, 2025, signed by INEC Secretary, Dr Rose Oriaran-Anthony.

The Commission stated that it could not act on demands to acknowledge or upload on its website the list of national officers said to have been elected at the National Convention held on November 15 and 16, 2025, in Ibadan.

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READ ALSO:Osun, Imo, Kano Lead As INEC Reports 2.3m New Voter Registrations

According to INEC, its position was guided by subsisting court decisions and pending litigation relating to the leadership crisis within the PDP.

The electoral body further noted that it would be improper to recognise any factional officers while the matter remains before the courts.

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Govt That Fails To Protect Its Citizens Has No Business Remaining In Office – Kwankwaso

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Senator Rabiu Musa Kwankwaso, leader of the Kwankwasiyya Movement and 2023 presidential candidate of the New Nigeria Peoples Party (NNPP), has accused the Federal Government under President Bola Ahmed Tinubu of lacking the political will to tackle Nigeria’s worsening insecurity.

Kwankwaso spoke on Tuesday in Kano while unveiling 2,000 operatives of the Kano State Neighbourhood Security Network.

He urged President Tinubu to “rise to the occasion and truly act as the Commander-in-Chief” in addressing banditry and other security challenges.

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READ ALSO:Tinubu Embarks On Three-state Visit

According to him, Nigeria’s military “remains one of the most gallant in the world,” having served in international peacekeeping missions in Darfur, Liberia, and other conflict zones.

However, he said the armed forces are not being adequately supported to perform optimally.

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“Today, many innocent Nigerians are being killed, while the perpetrators walk freely as if nothing happened. The government must apologise to Nigerians for its laxity in the fight against insecurity,” he said.

Kwankwaso, who once served as Minister of Defence, added: “When I was Defence Minister, I knew the capability of the Nigerian military. They are courageous and professional but need clear direction, support, and political will to do the needful.”

READ ALSO:Soyinka Decries Seyi Tinubu’s ‘Excessive’ Security Escort

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He stressed that Nigeria’s armed forces had historically ranked among the best globally and urged the government to equip them properly to change the current security situation.

Kwankwaso also said that if elected president in 2027, he would recruit over one million additional military personnel to strengthen national security.

Any government that fails to protect the lives and property of its citizens has failed woefully and has no business remaining in office,” he declared.

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He further called on the Federal Government to integrate community-based security initiatives, like the Kano Neighbourhood Security Network, into the national security system to boost morale and improve intelligence-driven operations against criminals.

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ADC Announces Temporary Closure Of Secretariat

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The African Democratic Congress, ADC , says it has temporarily closed its National Secretariat as part of the end-of-year break.

A statement by its National Publicity Secretary, Bolaji Abdullahi, said full operations are scheduled to resume in the New Year.

According to the statement, the secretariat will close on December 23, 2025, and reopen on January 5, 2026.

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

The party, however, said essential skeletal services will remain available throughout the period, while all other official activities at the National Secretariat will be suspended to allow staff and party officials observe the Christmas and New Year holidays.

This is to inform the public that the African Democratic Congress National Secretariat will close for the year on 23rd December 2025 and will resume full operations on 5th January 2026.

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“During this period, only skeletal services will be available, while all other official activities at the Secretariat will be temporarily suspended,” the statement said.

READ ALSO:Hoodlums Set Ablaze ADC Secretariat In Ekiti, Disrupt Party Excos’ Inauguration

The party thanked its members, partners and supporters for their continued loyalty and cooperation throughout the year, noting that their support remains critical to the growth and stability of the party.

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The ADC also said it is committed to its ideals and to democratic engagement as it prepares for activities in the coming year.

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