The Federal Government on Monday disclosed that it has suspended its $22.7 billion external borrowing plans due to current realities in the global economic landscape.
Zainab Ahmed, Minister of Finance, who made this known in Abuja said the current market indices do not support external borrowings at the moment. Speaking at the 2020 International Conference on the Nigerian Commodities Market, organised by the Securities and Exchange Commission (SEC), the minister stated that the government would not go ahead with the borrowing programme even if it secures the approval of the National Assembly.