Nigeria to borrow N1.59 trillion to fund 2020 budget

Fri Jan 17th, 2020 - Nationwide

Nigeria’s Debt Management Office (DMO) has said the country will borrow N1.549 trillion from domestic and international markets to fund its 2020 budget.

Director-General of the office, Patience Oniha, on Friday told journalists that N805 billion will be borrowed externally, while N744 billion will be borrowed from the domestic market.

Oniha said N150 billion of the required funds will be sourced through the sale of Sukuk bonds.




source: Guardian