The Debt Management Office Has released its 2015 Calendar and have indicated it will be borrowing between N215billion and N305billion in the first quarter of 2015. Here it is;
From the above, Nigeria will be borrowing between 12 and 15% in tenors ranging from 5 years to 20 years. The 2015 budget is already set to incur a deficit of over N700billion that will be met via more government borrowing. With oil prices dipping below $50 per barrel and approaching $40, it is likely the country will indeed borrow more to cover the budget deficits.
