The National Assembly has approved the securitization of Nigeria's Ways and Means loans currently estimated at about N22.7 trillion, paving the way for the legislation of the controversial debt.
The executive also allocated N422,775,979,362 for statutory transfer, while N2,951,710,000,000 was budgeted for debt service.
Recent data obtained from the NBS show that between the first quarter of 2018 and the second quarter of 2019, Nigeria had spent the total sum of N1.03 trillion to import used vehicles and Motorcycles in less than 2 years
