Both chambers of the National Assembly on Wednesday approved the request by President Muhammadu Buhari for a $500m Eurobond.
Vice President Yemi Osinbajo had made the request as acting President, while Buhari was away on medical vacation in the United Kingdom.
The bond, as explained in a letter to the Senate and House of Representatives, is to be accessed from the international capital market and used to fund the deficit in the 2016 budget in line with the borrowing plans already prepared for that purpose.
Add Comment
You must log in to post a comment.