Senate go approve Tinubu $2.2 billion (about N1.77 trillion) loan request today

November 20, 2024

Di loan dey part of di external borrowing plan wey go help fund di N28.7 trillion 2024 budget and cover di N9.7 trillion deficit.

Senate President Godswill Akpabio don tell di Committee on Local and Foreign Debts say make dem check di request within 24 hours, as e dey already inside di 2024 borrowing plan.

Plus, President Tinubu don submit di Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for 2025–2027. Di main points inside di paper na $75 oil price benchmark, exchange rate of N1,400 to $1, and 6.4% GDP growth target. Di Senate Committee on Finance go look di document finish within one week.

For another matter, Tinubu don send Social Investment Programme Amendment Bill go di National Assembly. Di bill go improve di transparency and make welfare programs dey work better. E plan to use di National Investment Register to target di correct pipo and make sure di help go reach di vulnerable Nigerians.

Di Senate go discuss di bill and other submissions for dia next meetings, as di government dey focus on better fiscal and social reforms.