FG will issue $950m bond soon – Minister of Finance, Zainab Ahmed

Minister of Finance, Budget, and National Planning, Zainab Ahmed has announced that the federal government will issue another $950 million bond by the end of the month or in May.

The minister made this known in an interview with Bloomberg on Thursday

According to Ahmed, the country will raise the $950 million soon and consider whether or not to return to the market this year.

“For 2022, we have already issued early in this year, in March actually, $1.25 billion, and that means that the market is still very receptive to Nigeria. We still have about $950 million to issue and that should be sometime very soon in the month of April or May.

“Later in the year, we would consider our options dependent on what the market looks like to determine whether we would need to go out to the market or not. But otherwise, we have a vibrant domestic market and we have been getting the financing that we need to run the budget from the domestic market, she said