Nigeria Seeks Foreign Funding for Parts of 2018 National Budget

A spike in the US interest rate has seen the government scramble to borrow U.S.S.$2.8 billion offshore to finance its 2018 Budget, Minister of Budget and National Planning, Udoma Udo Udoma has said. Meanwhile, an expert has warned that new loans will attract higher costs which would not be good for the country.

(file photo)

InFocus

See What Everyone is Watching

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.