Nigeria Presido ask Assembly to approve new loan wey reach $2.3 billion
President Bola Tinubu don ask di parliament to approve $2.3 billion for new loans.
President of Nigeria, Bola Tinubu, don ask parliament make dem approve $2.3 billion new loan, plus e don give go-ahead to issue $500 million sovereign sukuk for international debt market. Dis one na wetin dem talk for letter wey dem read for lawmakers on Tuesday.
Finance Minister and Coordinating Minister for Economy, Wale Edun, yarn for one economic summit wey happen for Abuja on Monday say di government dey focus on green bonds, sukuk, and diaspora bonds. E talk say dis kind bonds dey cheaper pass Eurobonds.
Last month, di oga for Nigeria debt office tell Reuters say di country fit sell up to $2.3 billion international bonds before di year finish, if market condition dey okay.
Nigeria bin launch dia first international bond sale for almost three years for December, but dem never enter international capital market again for 2025.