News Formal

Why FEC approved fresh $2.2bn borrowing plan for Nigeria – Finance Minister, Edun

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 10 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 59%

Edun News

FEC,Finance Minister

The Minister of Finance, Wale Edun, has explained that the Federal Executive Council approved a fresh $2.2 billion borrowing plan for Nigeria to enable the country’s access to the international capital market for a combination of the Euro bond and SUKUK financing.

Edun disclosed this on Thursday, while briefing journalists at the Presidential Villa. According to him, the fresh borrowing plan of $2.2 billion is made up of $1.7 billion and SUKUK financing of $500 million, aimed at strengthening the country’s finances and boosting economic reforms. The Minister noted that if approved by the National Assembly, the borrowing plan will strengthen the country's financial market.

' He added that Nigeria being able to access the international capital market is a sign of acceptance and support for President Bola Ahmed Tinubu's economic reforms.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nigeria spends increased revenue on cash transfers – Finance Minister EdunNigeria's Minister of Finance, Wale Edun, said the country is spending its increased revenue on social investment, such as cash transfers to Nigerians. Edun disclosed this on Tuesday at a panel session during the 30th Nigeria Economic Summit in Abuja.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Strike: Pay our withheld salaries -SSANU, NASU tell Finance Minister EdunStriking university unions - the Senior Staff Association of Nigerian Universities, SSANU, and the Non-Academic Staff Union of Educational and Associated Institutions, NASU - have asked the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, to pay their four months’ withheld salaries, following approval of the payment by...
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Nigerian Govt to commence payment of pension backlog – Finance Minister EdunThe Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has assured that the Federal Government will soon begin payment of the pension backlog.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

No going back on forex, subsidy reforms – Finance ministerThe Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says there is no going back on the current administration's reforms in the forex and oil and gas sectors. Edun made this known when he received the newly assigned Minister of State for Finance, Doris Uzoka Anitez at the Ministry’s headquarters, on Monday.
Source: DailyPostNGR - 🏆 11. / 59 Read more »