In an article written by Adeosun titled, “Nigeria’s Economy: The Road to Recovery”, which was circulated by the ministry of finance on Thursday, January 21. the minister said,
“Our total borrowing expectations are now at 1.8 trillion naira ($9.1 billion).We hope to raise approximately $4.5 – 5 billion from multiple external sources. This includes multilateral agencies, export credit agencies and we are also planning to tap the Eurobond market,” she wrote.
The minister noted that said the government was optimistic that it would “receive the desired support” after cutting government costs and improving revenue collection.
Last month President Muhammadu Buhari presented a 6.08 trillion budget, which includes a tripling of capital expenditure to improve rail, road and power networks. -(Source)
0 Comments
COMMENT
------------------
We love to hear from you, make use of the comment field after every post and drop your comments. Also tick the box in the comments area to get notified via your email for the replies on your comments. Thanks
DISCLAIMER:
*Comments on this Web are NOT posted by Tundegold.
*Readers are SOLELY responsible for the comments they post.
*Also, where necessary, all posts are duly referenced.Thank you.
COPYRIGHT WARNING!
We work really hard and put a lot of effort and resources into our content, providing our readers with plagiarism-free articles, original and high-quality texts.
Contents on this website may not be copied, republished, reproduced, redistributed either in whole or in part without due permission or acknowledgement. Proper acknowledgement include, but not limited to (a) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes, (b)"FAIR USE" in the case of re-publication on online media.
About possible consequences you can read here:What are the consequences of copyright infringement?
Tundegold is a property of Grandunicorn Limited and we have all legal actions at our disposal to take within and outside the internet in effort to protect our intellectual properties. All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).