Home Business FG set to issue $1bn Eurobond – Adeosun
FG set to issue $1bn Eurobond – Adeosun
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FG set to issue $1bn Eurobond – Adeosun

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Kemi Adeosun
Kemi Adeosun

The Nigerian Government has $500m commitment for the $1bn Eurobond it intends to issue before the end of the year.

Minister of Finance,Kemi Adeosun says any decision to increase the size of the offer will depend on pricing.

The country slipped into recession for the first time in 25 years in the second quarter of this year, largely due to low global oil prices.

President Muhammadu Buhari has laid out plans to spend $21.83billion to help pull the country out of recession in a draft 2017 budget sent to the National Assembly.

The Government has struggled to fund the $19.27 billion budget set for 2016.

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