HomeUncategorizedFG Will Use Eurobond Cash And Borrow More To Fund Petrol Subsidy...

FG Will Use Eurobond Cash And Borrow More To Fund Petrol Subsidy – Minister Of Finance Zainab Ahmed

Date:

Related stories

BREAKING: Sokoto Deputy Governor, Dan Iya dumps PDP

The Deputy Governor of Sokoto State, Manir Muhammad Dan...

Gov. Yahaya Bello’s Nephew Arrested Alongside Four Others By EFCC

The Economic And Financial Crimes Commission, EFCC, On Wednesday,...

LivinFrance Scholarship For International Student 2023 (Funded)

Application is invited to apply for LivinFrance Scholarship For International Students 2023....

University Of Waterloo Canada Scholarships 2023 (Funded)

The applicant is invited to apply for the University...
spot_imgspot_img

Minister Of Finance, Zainab Ahmed Has Explained That The Federal Government Will Use Loans And Eurobond Cash To Fund Petrol Subsidy.

Speaking With Reuters On The Sidelines Of An Arab-African Conference In Cairo, The Minister Said The Federal Government Will Use $2.2 Billion Of The Fund Raised Via Eurobond To Cater For Petrol Under-Recovery Costs And Also Focus More On Local Borrowing.

She Said; “Rising Oil Prices Have Put Us In A Very Precarious Position … Because We Import Refined Products … And It Means That Our Subsidy Cost Is Increasing” Ahmed Also Said The Federal Government Is Working With Lawmakers To Boost Revenues. She Added That The Rise In Oil Prices Means That Borrowings Will Increase More Than Planned.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here