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MTEF: Nigeria’s new borrowings to hit 15 trillion naira by 2024

Nigeria’s total debt stock was 33.1 trillion naira as at the first quarter of 2021 and according to the Medium-Term Expenditure Framework, new borrowings totaling about15 trillion naira is expected between 2022 and 2024. The document also has an oil price benchmark of $57 a barrel for the year 2022 and projects an average inflation rate of 13 per cent. Chamberlain Peterside, CEO of Xcellon Capital Advisors joins CNBC Africa for more.

Tue, 06 Jul 2021 12:08:27 GMT

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