The House of Representatives has announced plans to subject President Bola Tinubu’s request to raise *N1.15 trillion* to close part of the 2025 budget gap to intensive legislative scrutiny, scheduling committee hearings with the Ministries of Finance and the Debt Management Office. The decision follows the customary obligation of the National Assembly to examine the terms, purpose and repayment plan for any new borrowing.
Parliamentary committee chairs said lawmakers will demand detailed cost-benefit analyses and assurances that borrowed funds will be channelled to productive projects with clear returns, rather than recurrent expenditure. Fiscal experts have urged the House to attach robust safeguards on transparency, accountability and debt sustainability before granting approval.
The committee process is expected to include public hearings where civil society, economists and civic groups can make submissions. Lawmakers emphasised that any loan approval will be conditional on strict oversight mechanisms and clear disbursement plans.
