Wilson Adekumola
The House of Representatives has given a nod to the restructuring of N1 trillion to fund the 2022 supplementary budget.
The request for President Muhammadu Buhari to get the loan from the Central Bank of Nigeria, on Tuesday, approved by the Committee of Supply.
The approval takes the entire Ways and Means loan stock to N23.7 trillion.
The National Assembly had last year approved the N815 billion supplementary budget which President Buhari said will be funded by new domestic borrowing.
Recall that President Buhari also requested the House to approve the securitization of N23.7 trillion ways and means.
Meanwhile, the lawmakers are yet to approve the request, explaining that the executive must submit more details to back the request.
The lawmakers subsequently adjourned to February 28.
