- Plans include $1.7 billion Eurobonds and $500 million Sukuk to support a $28.18 billion budget
- Government projects a naira exchange rate of N1,400/$, raising concerns over fiscal assumptions
Lagos, Nigeria – The Nigerian government plans to issue $1.7 billion in Eurobonds and $500 million in Sukuk bonds to finance the country’s 2025 annual budget, according to Wale Edun, Minister of Finance and Coordinating Minister of the Economy. The announcement came as the government unveiled a N47.9 trillion ($28.18 billion) budget for the coming year, based on an oil price benchmark of $75 per barrel and a crude output target of 2 million barrels per day.
This article is free to read.
Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.
Create your free account or sign in
