Legislative AccountabilityObservatory
Home / Probes / LAO-0314

₦121.67 trillion in federal and state government loans

Status
No final report
Assembly
House of Representatives
Opened
31 October 2024
Assembly term
10th National Assembly (2023–2027)
Committee
Committee on Aids, Loans and Debt Management
Sum at issue
₦121.67 trillion
Subject
Loans and public debt
Without a report for
741 days

On a motion by Lanre Okunlola (Surulere II, Lagos), the House of Representatives mandated its Committee on Aids, Loans and Debt Management to audit all loans obtained by the federal and state governments since 1999, citing public debt of ₦121.67 trillion at March 31, 2024 according to the Debt Management Office, and state loans from commercial banks contracted without the required National Assembly approval. The committee was given four weeks to report.

What the record shows

  • 31 October 2024
    Probe opened.
  • As of 11 November 2026
    No final report of this probe has been found on the public record.

Opened more than 120 days ago, and no final report of the committee has been found on the public record. Interim reports and hearings are shown where known. Know of a report, hearing or outcome missing here? Send a correction.