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LequteMan
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The Nigerian government has approved a new debt management strategy according to Daily Trust.
According to Vice President Yemi Osinbajo and Finance Minister Kemi Adeosun, the previous debt management strategy expired in December 2015.
Adeosun said FG also devised the new debt management strategy in view of the current economic challenges as well as the economic circus of the government to reflate and diversify the economy.
The new debt management strategy is based on the medium term expenditure framework and is designed by the Ministry of Budget and National Planning on the assumption that Nigeria's domestic debt would be reduced from one percent of GDP to 0.7 percent by 2019.
Both officials spoke at the end of the Federal Executive Council meeting in Abuja on Wednesday.
According to Vice President Yemi Osinbajo and Finance Minister Kemi Adeosun, the previous debt management strategy expired in December 2015.
Adeosun said FG also devised the new debt management strategy in view of the current economic challenges as well as the economic circus of the government to reflate and diversify the economy.
The new debt management strategy is based on the medium term expenditure framework and is designed by the Ministry of Budget and National Planning on the assumption that Nigeria's domestic debt would be reduced from one percent of GDP to 0.7 percent by 2019.
Both officials spoke at the end of the Federal Executive Council meeting in Abuja on Wednesday.
