FEC Approves Issuance of $2.9bn Eurobond to Fund 2018 Budget

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By Omololu Ogunmade in Abuja

The Federal Executive Council (FEC) Wednesday in Abuja approved the issuance of $2.9 billion Eurobond from the international capital market for the implementation of N849.67 billion external borrowing plan in the 2018 budget.

Briefing journalists at the end of the weekly Federal Executive Council (FEC) meeting in the State House, the Minister of Finance, Mrs. Zainab Ahmed, said the bond would be used to implement capital projects in the 2018 budget.

Details later…