The House of Representatives has amended the Central Bank of Nigeria act to raise the lending limit of the apex bank to the Federal Government from five (5) to fifteen (15) per cent.
The amendment was done at an emergency session held by the Lawmakers today.
The lawmakers believe the amendment will enable the Government to meet its present and future obligation in the approval of the ways and means by the National Assembly.
The passage of the bill by the house comes 24 hours after the senate passed the same bill in a similar emergency session.
The House also amended the 2023 supplementary budget to allow for its implementation till 31st December 2023.
