Nigeria to borrow at home and abroad to finance 5.36 trln naira budget deficit -finmin

ABUJA — Nigeria expects to borrow at home and abroad to finance a 5.36 trillion naira budget deficit for 2020 as well as using proceeds from privatizations, Finance Minister Zainab Ahmed said on Wednesday.

The cabinet approved a revised budget of 10.52 trillion naira on Wednesday, slightly down from 10.59 trillion naira approved earlier, Ahmed said, adding that expenditures related to COVID-19 previously not included had been added. (Reporting by Felix Onuah; Writing by Chijioke Ohuocha; Editing by Alexis Akwagyiram)

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