The House of Representatives has approved President Bola Ahmed Tinubu’s request to implement a fresh external borrowing plan worth ₦1.84 trillion (about $1.23 billion) as captured in the 2025 Appropriation Act to help finance the country’s widening budget deficit.
The decision followed the consideration and adoption of a report by the House Committee on Aids, Loans and Debt Management, chaired by Abubakar Hassan Nalaraba, during plenary on Wednesday.