DMO Clarifies N2.343trn New Loan Request

The federal government yesterday issued further statement in clarification for the plan to raise fresh N2.343 trillion from the external market

The Debt Management Office (DMO) in a statement yesterday said the letter to the National Assembly was to enable the implementation of the new external capital raising of the N2.343 trillion (approximately $6.183 billion at the budget exchange rate of $1/N379) included in the 2021 Appropriation Act.

“The proposed new capital raising, is the new external borrowing provided in the 2021 appropriation Act to part…