“For the larger portfolio of debt, we have just appointed a consultant,” Mrs Ahmed told Bloomberg TV.
Nigeria offered half a dozen of its bonds at 1,000 basis points or more than U.S. Treasuries, a level often deemed to be distressed, Bloomberg index, which keeps tabs on government debt instruments from emerging markets showed. Muda Yusuf, the chief executive of Centre for the Promotion of Private Enterprise, an advocacy group seeking increased private sector participation, said the country will improve if the government were able to execute half of the capital expenditure commitment.
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