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2015 Budget: Here Is How Much Nigeria Wants To Borrow In The First Quarter of 2015

Nairametrics by Nairametrics
January 14, 2015
in Uncategorized
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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;

Download (PDF, 136KB)

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.

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