Business Headline News Nigeria

Nigeria holds road show for Eurobond Issuance

Nigeria has commenced a Road show in New York, the United States of America in for Eurobond issue.

The Eurobond seeks to raise about three billion dollars in Lagos and New York.

The government is also targeting the same amount through multilateral and bilateral borrowing to fund its 2021 budget deficit.

The Minister of Finance, Budget and National Planning, Hajya Zainab Ahmed said the exercise follows the approval of the National Assembly for the Government to borrow the sum of six point two billion dollars externally.

The Road show was led by the Director General of the Debt Management Office, Ms. Patience Oniha, and also had the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele

It also had the Director-General, Budget Office of the Federation, Ben Akabueze in attendance.

Biodun Dare