Reps Blame Weak Naira, Move To Review 2024 Budget For More External Borrowing

The House of Representatives on Thursday said the 2024 Appropriation Act is no longer realistic in view of the national currency, the naira, which keeps falling against major currencies of the world.

It therefore said there’s immediate need to review the MTEF/FSP, External borrowing plans and FX market with the current exchange crisis in view.