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Presidency seeks National Assembly’s nod on $500m Eurobond
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Presidency seeks National Assembly’s nod on $500m Eurobond

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Acting President Yemi Osinbajo yesterday sought the approval of the National Assembly for the issuance of $500 million Eurobond in the international capital market to fund the 2017 budget.

The Acting President, via a correspondence, read by Speaker Yakubu Dogara at the plenary session of the House of Representatives disclosed that Osinbajo sought the issuance of the Eurobond between February and March 2017, subject to market conditions, in order to meet the approved capital expenditure funding plan as specified in the 2017 budget.

In another development, Osinbajo yesterday said the time has come for Nigeria and the United States to deepen the long-standing relationship between the countries based on mutual trust.

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