Nigeria’s President Bola Tinubu wants the approval of the National Assembly for a fresh N1.767 trillion as new external borrowing plan in the 2024 appropriation act.
Speaker of the House, Tajudeen Abbass, read a letter from the President during plenary on Tuesday.
According to the president, the loan is based on an exchange rate of N800 to $1.
The president has also forwarded the MTEF/FSP 2025-2027 to parliament and the National Social Investment Programme establishment amendment bill to make the social register the primary tool for the implementation of the federal government’s social welfare programmes.
