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Nairametrics
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Home Economy Budget

FG To Consider Selling Eurobonds To Fund 2016 Budget

Editor by Editor
December 17, 2015
in Budget, Business News, Politics, Public Debt
Forex Rules Backed By Woman Who May Be Finance Minister
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The Minister of Finance, Kemi Adeosun, has said that the Federal Government is considering selling Eurobonds to fund the 2016 Budget which is put at N6.07 trillion.

If the Government goes ahead with the plan, it will be the first time since 2013 that the Nigerian Government issued an international debt.

Adeosun confirmed to Bloomberg in an interview, stating that this decision will be based on a medium-term fiscal plan projecting spending to increase about 25 percent from 2015 to 6 trillion naira ($30.1 billion).

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