Abuja — The Director General, Debt Management Office (DMO), Dr. Abraham Nwankwo, has provided further insight into the federal government's $29.96 billion borrowing plan, saying the decision to take foreign loans is a strategic plan to free funds for domestic borrowing and drive down the cost of funds in the process.
The external borrowing option was equally taken because of the concessionary window offered by foreign lenders, he said.
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