Black People Politics : Nigeria aims to reduce domestic borrowing next year

Discussion in 'Black People Politics' started by Clyde C Coger Jr, Jun 7, 2013.

  1. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Politics,




    ... Queen Sister appears to be on it ...

    Nigeria aims to reduce domestic borrowing next year

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    Reuters/Reuters - Nigeria's Finance Minister Ngozi Okonjo-Iweala speaks during an interview with Reuters in her office in the capital Abuja August 24, 2012. REUTERS/Afolabi Sotunde

    By Joe Brock
    ABUJA (Reuters) - Nigeria plans to reduce its domestic borrowing next year while increasing cheaper overseas debt to lower costs in Africa's second largest economy, the finance minister said on Friday.
    Annual domestic borrowing is set to fall to below 500 billion naira in the 2014 budget, from 577 billion this year, Okonjo-Iweala said.
    Nigeria's ratio of overseas debt will to around 40 percent of all debt over the next three to five years, from 12 percent currently, to lower its funding costs.
    This will include issuing 80 billion naira in global depository notes and a $1 billion Eurobond this year.

    http://news.yahoo.com/nigeria-aims-reduce-domestic-borrowing-next-finance-mininster-120243155.html

    Peace In,
     
  2. Alarm Clock

    Alarm Clock Well-Known Member MEMBER

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    Man I could use some good news from the Motherland! Thanks!:band:
     
  3. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    Not a problem, no, not at all Alarm Clock ... We gotta keep up Mane!(that's how we say man in Memphis :rofl:)

     
  4. Alarm Clock

    Alarm Clock Well-Known Member MEMBER

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    :bowdown:
    Always an honor to learn something new from my family, we need little things like this to really establish unity in the 50 states! We need Pan Africanism right here just as much as in the Motherland! Thanks for caring to share!
     
  5. Clyde C Coger Jr

    Clyde C Coger Jr going above and beyond PREMIUM MEMBER

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    In the Spirit of Sankofa,



    Nigerian president sacks nine ministers in reshuffle


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    Nigeria's President Goodluck Jonathan inspects a military parade in his honour on arrival for bilateral …

    ABUJA (Reuters) - Nigerian President Goodluck Jonathan has sacked nine ministers in his first major cabinet reshuffle since winning an election more than two years ago, a presidency spokesman said on Wednesday.
    The dismissals come less than two weeks after ruling party governors and a former presidential candidate formed a splinter group opposed to Jonathan.
    Nigeria's ruling People's Democratic Party has increasingly been riven by internal squabbles, centred around Jonathan's alleged intention to run again in 2015.
    The positions most closely watched by foreign investors were not affected, including the ministers of finance and petroleum - the person in charge of managing Africa's biggest oil business.

    suggested reading:
    http://news.yahoo.com/nigerian-president-sacks-nine-ministers-reshuffle-140407509--business.html
     
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