The committee evaluates loan requests, scrutinizes their potential impact on Nigeria's debt profile, and makes recommendations to the House.

The committee has been involved in reviewing and approving loans as part of Nigeria's external borrowing plan, and plays a vital role in managing the country's debt and fiscal responsibility.

It has played a critical role in reviewing external loan agreements, scrutinizing the terms of financial aid, and advising the House of Representatives on the implications of government borrowing.

The committee has continuously worked to ensure that external debts are managed in line with the country's economic goals, with a focus on supporting Nigeria's development agenda.

[5] The membership of the House Committee on Aids, Loans, and Debt Management consists of elected representatives from the National Assembly of Nigeria, typically from various political parties.