The Federal Government’s commercial debt has risen by 31 per cent from $11.17bn to $14.67bn, according to an analysis of data on actual external debt stock from the Debt Management Office.
According to the report, the $11.17bn recorded in 2020 was 33.49 per cent of the total external debt stock. It consisted of $10.87bn Eurobonds and $300m Diaspora Bond. In March this year, Nigeria acquired $1.25bn Eurobond debt from the International Capital Market, making Nigeria the first African country to access the ICM in 2022.This happened a few days after the Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, had told Reuters that there was no plan to enter the Eurobond market in 2022.
Source: Loan News Today (loannewstoday.net)
ProfOsinbajo femigbaja DrAhmadLawan OfficialPDPNig OfficialAPCNg APCUKingdom MBuhari NGRPresident officialABAT PeterObi atiku END ASUU/NASU/SSANU STRIKE!!!! It’s been 2MONTHS!! EndASUUStrikeNow Davido Tinubu PeterObi funkeakindele EFCC dino iphoneX RETWEET!!!!
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