Loan Digest

Wale Edun: FG not relying on Ways and Means to fund external debt service

  • 📰 thecableng
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 80%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Wale Edun, minister of finance, says the federal government is not relying on Ways and Means to fund external debt service or other liabiliti

es.

“At no time have we gone to Mr. President and requested permission to seek funding from Central Bank to pay anybody, be it external debt service, be it share capital cash calls, or any other of the liabilities that the government has.

He, however, said that due to exchange rate movements, the total debt stock in naira terms increased by 25 percent, despite an N8 trillion increase in actual debt issuance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nigeria to receive part of $2.2bn World Bank loan soon, says Wale EdunWale Edun, minister of finance and coordinating minister of the economy, says in two weeks, the World Bank board of directors would consider a loan of $2.25 billion for Nigeria.
Source: thecableng - 🏆 2. / 80 Read more »

Nigeria will receive large part of $2.2bn World Bank loan soon, says Wale EdunThe Nation Newspaper Nigeria will receive large part of $2.2bn World Bank loan soon, says Wale Edun
Source: TheNationNews - 🏆 6. / 69 Read more »