Tinubu sends 2022-2024 external borrowing plan to Reps

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.