Nigeria has no plans to issue Eurobonds in 2023 -finance minister

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Nigeria has no plans to issue Eurobonds in 2023 unless market conditions improve as bond prices are too high for African countries, Finance Minister Zainab Ahmed said on Wednesday.

Nigeria, Africa's biggest economy, has been raising debt to fund infrastructure and boost a fragile economy battling high inflation. It sold a $1.25 billion Eurobonds this year, marking its eighth outing on international debt markets.

"Our external borrowing sources are very much open at multilateral institutions ... and our focus is on those loans unless we have no option because loan processes are very long," she said.

 

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I don't think she understands what she is saying..🤔

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