Nigerian Federal Government raises N4.9 trillion for Ways and Means securitisation, securing N4.5 trillion for budget deficit financing.
The Nigerian Federal Government, through the Debt Management Office (DMO), has raised N4.9 trillion out of a N7.3 trillion target for Ways and Means securitisation. The DMO's Director-General, Patience Oniha, also reported that N4.5 trillion has been raised to partly finance the N6 trillion budget deficit, set to be covered by new domestic borrowing. Domestic securities are identified as a crucial funding source for the Nigerian government.
May 20, 2024
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