Tinubu Seeks Reps Consent for $8.699bn, €100m Loans In New Borrowing Plan

In a letter to the House of Representatives, President Bola Tinubu requested permission for the Federal Government to borrow $8.699 billion and €100 million as part of the 2022–2024 foreign borrowing strategy.

Additionally, on Wednesday, November 29, 2023, the President requested an audience from the House so that he may present the planned N27.5 trillion budget for the 2024 fiscal year before a joint session of the National Assembly.