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Govt to borrow N250bn from Nigerians this December, full repayment in 10 years.
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The Federal Government is looking to borrow N250 billion from Nigerians for the development of road infrastructure across the country.
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The money invested by Nigerians is backed by the full faith and credit of the Federal Government of Nigeria.
The principal amount borrowed to the government will be repaid in full in 10years at a rental income of 12.80 percent per annum.
The Debt Management Office (DMO) has opened the offer for a new N250 billion Sovereign Sukuk bond being raised by the Federal Government for the development of road infrastructure across the country.
