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

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 privatisations, 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.