Nigeria: FEC Approves Medium-Term Debt Management Strategy That Will Run Till 2015

The Federal Executive Council (FEC) has approved a medium-term debt management strategy, which will run till 2015 noting that contrary to concerns being raised on the nation's debt profile, Nigeria is not borrowing enough and that it is in the best interest of the country to borrow more.

This was disclosed at a media briefing hosted by the Minister for Information, Labaran Maku, alongside Minister of Water Resources, Mrs. Sarah Ochekpe and the Minister of State for Finance, Dr. Yerima Ngama, on the outcome of the weekly FEC meeting chaired by President Goodluck Jonathan at the State House, Abuja on Wednesday, May 15.

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