Nigeria Suspends U.S.$22.7 Billion External Borrowing Plan

Zainab Ahmed, Minister of Finance, has said that the decision to drop the plan was taken due to current realities in the global economic landscape driven by the fallout from the coronavirus pandemic. The deadly virus has completely unsettled the world economy, with the price of crude oil plunging to its lowest levels since 2016.

  • Nigeria:  Govt Suspends Plans to Borrow $22.7bn

    Vanguard, 17 March 2020

    The Minister of Finance, Mrs. Zainab Ahmed, yesterday, disclosed that the Federal Government has suspended its $22.7 billion external borrowing plans due to current realities in… Read more »

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