The Senate has approved President BOLA TINUBU’s loan request of 2.2 billion dollars to partially finance the 9.7 trillion naira budget deficit for the 2024 fiscal year.

The approval followed the presentation of a report by the Chairman, Senate Committee on Local and Foreign Debts, ALIYU WAMAKKO, during plenary.

Presiding over the session, Deputy Senate President JIBRIN BARAU commended the committee for its swift action and thorough examination of the loan request, and put the motion to a voice vote.

Also, at the House of Representatives the loan request was unanimously approved.