FG plans more borrowing from domestic sources

The Federal Executive Council at its meeting on Wednesday approved a new Medium-Term Debt Management Strategy for Nigeria, for the period of 2020 to 2023. The strategy allows the government to borrow more from domestic sources. The Debt Management Office disclosed this in a press release titled “Federal Executive Council approves a new debt management strategy for Nigeria’. Part of the statement said, “Based on the current public debt stock, government’s borrowing needs in the medium-term (as stated in the 2021 Appropriation Act, MTEF, 2021-2023), as well as future global trends, Nigeria’s 2020-2023 MTDS can be summarised as follows: “Borrowing

By |February 12th, 2021|Categories: News|Tags: |0 Comments
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