2015 Budget: Here Is How Much Nigeria Wants To Borrow In The First Quarter of 2015

The Debt Management Office Has released its 2015 Calendar and have indicated it will be borrowing between N215billion and N305billion in the first quarter of 2015. Here it is;

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From the above, Nigeria will be borrowing between 12 and 15% in tenors ranging from 5 years to 20 years. The 2015 budget is already set to incur a deficit of over N700billion that will be met via more government borrowing. With oil prices dipping below $50 per barrel and approaching $40, it is likely the country will indeed borrow more to cover the budget deficits.