Nigeria plans to borrow N1.549 trillion ($4.3 billion) from domestic and international markets to fund its 2020 spending plans, according to the country’s Debt Management Office.
A little more than half – N805 billion – will be external financing while N744 billion will be borrowed from the domestic market, Director-General, Patience Oniha, told reporters Friday in the capital, Abuja.
Some N150 billion of the required funds will be sourced through the sale of sukuk bonds, she said.
- Agency Report