Zainab Ahmed

The issuance of $2.9 billion in Eurobonds has been approved by the Federal Government, Minister of Finance Zainab Ahmed has said.

The approval was given at the Federal Executive Council (FEC) meeting on Wednesday presided over by President Muhammadu Buhari inside the Council Chamber of the Presidential Villa in Abuja.

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Ahmed told State House correspondents after the meeting that the approval would lead to the implementation of external borrowing plan captured in the 2018 budget.

She disclosed that the Council also gave an approval for payment to transaction parties, adding that the sum of N460billion had been released for capital projects as at two weeks ago.