The Senate will approve the $2.2bn (about N1.77tn) loan request of President Bola Tinubu this Wednesday.
Tinubu said that the loan will partially finance the N9.7tn budget deficit for the 2024 fiscal year.
He also submitted the Medium-Term Expenditure Framework and Fiscal Strategy Paper for 2025–2027 to both the Senate and the House of Representatives.
Senate President Godswill Akpabio tasked the Senate Committee on Local and Foreign Debts to examine the request and report back within 24 hours.