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Nigeria to Rely on Domestic Savings as Concessional Funds Dwindle, Finance Minister Says

Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  •  Finance Minister highlights shift towards domestic financing amid declining concessional funds
  • $500 million dollar-denominated domestic bond launched as part of resource mobilisation efforts

Lagos, Nigeria – Nigeria will increasingly depend on the mobilisation of domestic savings to finance its development projects as the availability of concessional funds from multilateral organisations continues to decline, Finance Minister Wale Edun said on Thursday.

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