Budget Deficit: Presidency seeks Nat. Assembly approval for $500m loan

by | March 17, 2017 2:50 am

The Presidency is seeking the approval of the National Assembly to raise an additional $500 million Eurobond from the international capital market. The fund, according to Acting President Yemi Osinbajo, is required to finance the total sum of N4.023 trillion budget deficit in the 2016 and 2017 fiscal years respectively. In a letter read by…

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