Economy
Nigeria to up 2012-2014 external debt by $1.3bn
Nigeria’s Finance Minister Dr. Ngozi Okonjo-Iweala has asked the National Assembly to expand its 2012-2014 external borrowing plan by $1.3 billion to take the total debt over the period to $9.2 billion. The additional debt would be used to launch a $1 billion eurobond next year, a $100 million diaspora bond and for $200 million water projects in oil-producing Rivers state, the finance ministry said . Ngozi Okonjo-Iweala put the proposal to the National Assembly on Monday.
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