Nigerians may repay US$5.5bn loan for 30 years, says FG

Nigerians may repay US$5.5bn loan for 30 years, says FG: The federal government (FG) has said its external borrowing plan, for which it is seeking the approval of the National Assembly, will take Nigeria between 5 and 30 years to repay. The government also insisted it would have to borrow more to complete a number of ongoing infrastructural projects. (Source: Punch)

Budget: FG to spend N1.2trn more in 2018: The country’s national budget will rise by N1.2trn (US$3.3bn) in 2018, according to projections contained in the 2018-2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy (FSP) submitted to the National Assembly by President Muhammadu Buhari. (Source: Punch)

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