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Nigeria: High Cost of Borrowing - Govt Targets Domestic Market to Fund N9.05trn Budget Deficit

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[Vanguard] The apparent high cost of borrowing internationally, following the massive fall in the value of the naira, may have forced the federal government to reverse its borrowing plan to fund the N9.05trillion deficit budget from the domestic financial market as indicated in the Medium Term Expenditure Framework, MTEF, 2024-2026, released at the weekend.

Source: allAfrica.com

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