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Nigeria: Adeosun - Govt Not Borrowing but Refinancing Existing Debts
This Day, 26 October 2017
The Minister of Finance, Mrs. Kemi Adeosun, has explained that the federal government is not desirous of borrowing fresh loans, but seeking to refinance what is known as legacy or… Read more »
Nigerian Govt to Settle Debts With Borrowed Funds - Minister
Minister of Finance Kemi Adeosun has revealed that U.S.$3 billion of the U.S.$5.5 billion, which it plans to raise from the international financial market, will be used to refinance debts the President Muhammadu Buhari-led government inherited from the past administration.
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Nigeria: $5.5bn Foreign Loan - Govt to Settle Debts With $3bn - Adeosun
Vanguard, 26 October 2017
Minister of Finance, Mrs. Kemi Adeosun, said, yesterday, that the Federal Government would apply US$3 billion in refinancing the legacy debts of the immediate past government. Read more »
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Nigeria: Govt to Finance Capital Projects With Borrowed Funds - Minister
Premium Times, 25 October 2017
The Finance Minister, Kemi Adeosun, has said more than half of the recent loan request by the federal government was to refinance loans taken by the Goodluck Jonathan… Read more »
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Nigeria: $5.5bn Loan - We'll Settle Domestic Debt With $3 Billion - Adeosun
Daily Trust, 26 October 2017
The Minister of Finance, Mrs. Kemi Adeosun, has revealed that the Federal Government will apply the sum of US$3 billion in refinancing the domestic debts of the immediate past… Read more »
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Nigeria: Federal Govt to Finance Capital Projects With Borrowed Funds, Says Adeosun
Guardian, 26 October 2017
The Minister of Finance, Mrs. Kemi Adeosun, may have declared that the country is broke as it cannot generate enough revenue to pay salaries of workers and still finance capital… Read more »
InFocus
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Kemi Adeosun, Minister of Finance, has said that Nigerians need to tolerate the recurring borrowing and negotiations as they are temporary and aimed at delivering the rail system, ... Read more »
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The World Bank says it is supporting efforts made by the government to achieve economic growth, including securing foreign loans. The bank has denied that it disagreed with the ... Read more »
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U.S.$5.5 Billion - an additional amount President Muhammadu Buhari wants to borrow for further infrastructure development that includes the Mambilla Hydropower Project and the ... Read more »
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The government has approved the refinancing of the country's domestic debts into treasury bills worth U.S.$3 billion as part of its overall strategy to reduce the cost of ... Read more »
