President Bola Tinubu has transmitted the 2022/2023 external borrowing plan to the House of Representatives for approval.
According to a letter from the president read on the floor of the House by Speaker Abbas Tajudeen, on Tuesday, the government is seeking to borrow $8.6 billion and €100 million.
The borrowing plan includes $1 billion from the African Development Bank and $1.5 billion from the World Bank group.