{"id":27554,"date":"2025-02-19T14:27:14","date_gmt":"2025-02-19T14:27:14","guid":{"rendered":"https:\/\/presspay.ng\/news\/?p=27554"},"modified":"2025-02-19T14:27:17","modified_gmt":"2025-02-19T14:27:17","slug":"finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria","status":"publish","type":"post","link":"https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/","title":{"rendered":"Finance Minister Explains FEC’s Approval of New $2.2 Billion Borrowing Plan for Nigeria"},"content":{"rendered":"\n

The Minister of Finance, Wale Edun, has explained the rationale behind the Federal Executive Council\u2019s (FEC) approval of a new $2.2 billion borrowing plan. According to Edun, the plan is designed to give Nigeria access to the international capital market through a mix of Eurobond and SUKUK financing.<\/p>\n\n\n\n

\"\"
Minister of Finance, Wale Edun<\/figcaption><\/figure>\n\n\n\n

Speaking to journalists at the Presidential Villa on Thursday, Edun detailed that the borrowing plan comprises $1.7 billion in Eurobond financing and $500 million through SUKUK bonds. He emphasized that, if approved by the National Assembly, this funding will help strengthen Nigeria\u2019s financial sector and support ongoing economic reforms.<\/p>\n\n\n\n

In his words, \u201cThe objective is to complete the federal government\u2019s external borrowing program by securing $2.2 billion in financing. This includes access to the international capital market through a combination of Eurobond and SUKUK bond offerings.\u201d<\/em><\/p>\n\n\n\n

He further highlighted that Nigeria\u2019s ability to access international capital markets reflects global confidence in President Bola Ahmed Tinubu\u2019s economic reforms.<\/p>\n\n\n\n

\u201cSecuring funding from international investors signals their acceptance and support for the administration\u2019s macroeconomic policies. The government\u2019s economic recovery and reform agenda is centered on market-driven pricing for petroleum products and foreign exchange, both critical pillars for stabilizing the economy,\u201d<\/em> he added.<\/p>\n\n\n\n

This development comes amid rising external borrowing, which reached $4.89 billion as of June 2024, according to data from the Debt Management Office.<\/p>\n\n\n\n

Source: Daily Post<\/p>\n","protected":false},"excerpt":{"rendered":"

The Minister of Finance, Wale Edun, has explained the rationale behind the Federal Executive Council\u2019s (FEC) approval of a new<\/p>\n","protected":false},"author":1,"featured_media":27555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[43],"tags":[60,1973],"class_list":["post-27554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneurship","tag-finance","tag-minister-of-finance"],"yoast_head":"\nFinance Minister Explains FEC's Approval of New $2.2 Billion Borrowing Plan for Nigeria - PressPayNg Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Minister Explains FEC's Approval of New $2.2 Billion Borrowing Plan for Nigeria - PressPayNg Blog\" \/>\n<meta property=\"og:description\" content=\"The Minister of Finance, Wale Edun, has explained the rationale behind the Federal Executive Council\u2019s (FEC) approval of a new\" \/>\n<meta property=\"og:url\" content=\"https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/\" \/>\n<meta property=\"og:site_name\" content=\"PressPayNg Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-19T14:27:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-19T14:27:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/presspay.ng\/news\/wp-content\/uploads\/2025\/02\/Finance-Minister-Wale-Edun.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"862\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"press_admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"press_admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\\\/\"},\"author\":{\"name\":\"press_admin\",\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/#\\\/schema\\\/person\\\/d190f9f0919168cffa93a7e976d3057e\"},\"headline\":\"Finance Minister Explains FEC’s Approval of New $2.2 Billion Borrowing Plan for Nigeria\",\"datePublished\":\"2025-02-19T14:27:14+00:00\",\"dateModified\":\"2025-02-19T14:27:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\\\/\"},\"wordCount\":242,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/presspay.ng\\\/news\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/Finance-Minister-Wale-Edun.jpg\",\"keywords\":[\"Finance\",\"Minister of Finance\"],\"articleSection\":[\"ENTREPRENEURSHIP\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/presspay.ng\\\/news\\\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\\\/\",\"url\":\"https:\\\/\\\/presspay.ng\\\/news\\\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\\\/\",\"name\":\"Finance Minister Explains FEC's Approval of New $2.2 Billion Borrowing Plan for Nigeria - PressPayNg Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/presspay.ng\\\/news\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/Finance-Minister-Wale-Edun.jpg\",\"datePublished\":\"2025-02-19T14:27:14+00:00\",\"dateModified\":\"2025-02-19T14:27:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/presspay.ng\\\/news\\\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\\\/#primaryimage\",\"url\":\"https:\\\/\\\/presspay.ng\\\/news\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/Finance-Minister-Wale-Edun.jpg\",\"contentUrl\":\"https:\\\/\\\/presspay.ng\\\/news\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/Finance-Minister-Wale-Edun.jpg\",\"width\":1280,\"height\":862},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/presspay.ng\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Finance Minister Explains FEC’s Approval of New $2.2 Billion Borrowing Plan for Nigeria\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/presspay.ng\\\/news\\\/\",\"name\":\"PressPayNg Blog\",\"description\":\"News and Updates From PressPayNg\",\"publisher\":{\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/presspay.ng\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/#organization\",\"name\":\"PressPayNg Blog\",\"url\":\"https:\\\/\\\/presspay.ng\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/presspay.ng\\\/news\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/cropped-logo-dark.png\",\"contentUrl\":\"https:\\\/\\\/presspay.ng\\\/news\\\/wp-content\\\/uploads\\\/2022\\\/01\\\/cropped-logo-dark.png\",\"width\":468,\"height\":117,\"caption\":\"PressPayNg Blog\"},\"image\":{\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/#\\\/schema\\\/person\\\/d190f9f0919168cffa93a7e976d3057e\",\"name\":\"press_admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/presspay.ng\\\/news\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/PressPayNg-pic-150x150.jpeg\",\"url\":\"https:\\\/\\\/presspay.ng\\\/news\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/PressPayNg-pic-150x150.jpeg\",\"contentUrl\":\"https:\\\/\\\/presspay.ng\\\/news\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/PressPayNg-pic-150x150.jpeg\",\"caption\":\"press_admin\"},\"sameAs\":[\"https:\\\/\\\/presspay.ng\\\/blog-api\"],\"url\":\"https:\\\/\\\/presspay.ng\\\/news\\\/author\\\/press_admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Finance Minister Explains FEC's Approval of New $2.2 Billion Borrowing Plan for Nigeria - PressPayNg Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/","og_locale":"en_US","og_type":"article","og_title":"Finance Minister Explains FEC's Approval of New $2.2 Billion Borrowing Plan for Nigeria - PressPayNg Blog","og_description":"The Minister of Finance, Wale Edun, has explained the rationale behind the Federal Executive Council\u2019s (FEC) approval of a new","og_url":"https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/","og_site_name":"PressPayNg Blog","article_published_time":"2025-02-19T14:27:14+00:00","article_modified_time":"2025-02-19T14:27:17+00:00","og_image":[{"width":1280,"height":862,"url":"https:\/\/presspay.ng\/news\/wp-content\/uploads\/2025\/02\/Finance-Minister-Wale-Edun.jpg","type":"image\/jpeg"}],"author":"press_admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"press_admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/#article","isPartOf":{"@id":"https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/"},"author":{"name":"press_admin","@id":"https:\/\/presspay.ng\/news\/#\/schema\/person\/d190f9f0919168cffa93a7e976d3057e"},"headline":"Finance Minister Explains FEC’s Approval of New $2.2 Billion Borrowing Plan for Nigeria","datePublished":"2025-02-19T14:27:14+00:00","dateModified":"2025-02-19T14:27:17+00:00","mainEntityOfPage":{"@id":"https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/"},"wordCount":242,"commentCount":0,"publisher":{"@id":"https:\/\/presspay.ng\/news\/#organization"},"image":{"@id":"https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/#primaryimage"},"thumbnailUrl":"https:\/\/presspay.ng\/news\/wp-content\/uploads\/2025\/02\/Finance-Minister-Wale-Edun.jpg","keywords":["Finance","Minister of Finance"],"articleSection":["ENTREPRENEURSHIP"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/","url":"https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/","name":"Finance Minister Explains FEC's Approval of New $2.2 Billion Borrowing Plan for Nigeria - PressPayNg Blog","isPartOf":{"@id":"https:\/\/presspay.ng\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/#primaryimage"},"image":{"@id":"https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/#primaryimage"},"thumbnailUrl":"https:\/\/presspay.ng\/news\/wp-content\/uploads\/2025\/02\/Finance-Minister-Wale-Edun.jpg","datePublished":"2025-02-19T14:27:14+00:00","dateModified":"2025-02-19T14:27:17+00:00","breadcrumb":{"@id":"https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/#primaryimage","url":"https:\/\/presspay.ng\/news\/wp-content\/uploads\/2025\/02\/Finance-Minister-Wale-Edun.jpg","contentUrl":"https:\/\/presspay.ng\/news\/wp-content\/uploads\/2025\/02\/Finance-Minister-Wale-Edun.jpg","width":1280,"height":862},{"@type":"BreadcrumbList","@id":"https:\/\/presspay.ng\/news\/finance-minister-explains-fecs-approval-of-new-2-2-billion-borrowing-plan-for-nigeria\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/presspay.ng\/news\/"},{"@type":"ListItem","position":2,"name":"Finance Minister Explains FEC’s Approval of New $2.2 Billion Borrowing Plan for Nigeria"}]},{"@type":"WebSite","@id":"https:\/\/presspay.ng\/news\/#website","url":"https:\/\/presspay.ng\/news\/","name":"PressPayNg Blog","description":"News and Updates From PressPayNg","publisher":{"@id":"https:\/\/presspay.ng\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/presspay.ng\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/presspay.ng\/news\/#organization","name":"PressPayNg Blog","url":"https:\/\/presspay.ng\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/presspay.ng\/news\/#\/schema\/logo\/image\/","url":"https:\/\/presspay.ng\/news\/wp-content\/uploads\/2022\/01\/cropped-logo-dark.png","contentUrl":"https:\/\/presspay.ng\/news\/wp-content\/uploads\/2022\/01\/cropped-logo-dark.png","width":468,"height":117,"caption":"PressPayNg Blog"},"image":{"@id":"https:\/\/presspay.ng\/news\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/presspay.ng\/news\/#\/schema\/person\/d190f9f0919168cffa93a7e976d3057e","name":"press_admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/presspay.ng\/news\/wp-content\/uploads\/2022\/07\/PressPayNg-pic-150x150.jpeg","url":"https:\/\/presspay.ng\/news\/wp-content\/uploads\/2022\/07\/PressPayNg-pic-150x150.jpeg","contentUrl":"https:\/\/presspay.ng\/news\/wp-content\/uploads\/2022\/07\/PressPayNg-pic-150x150.jpeg","caption":"press_admin"},"sameAs":["https:\/\/presspay.ng\/blog-api"],"url":"https:\/\/presspay.ng\/news\/author\/press_admin\/"}]}},"_links":{"self":[{"href":"https:\/\/presspay.ng\/news\/wp-json\/wp\/v2\/posts\/27554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/presspay.ng\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/presspay.ng\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/presspay.ng\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/presspay.ng\/news\/wp-json\/wp\/v2\/comments?post=27554"}],"version-history":[{"count":1,"href":"https:\/\/presspay.ng\/news\/wp-json\/wp\/v2\/posts\/27554\/revisions"}],"predecessor-version":[{"id":27556,"href":"https:\/\/presspay.ng\/news\/wp-json\/wp\/v2\/posts\/27554\/revisions\/27556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/presspay.ng\/news\/wp-json\/wp\/v2\/media\/27555"}],"wp:attachment":[{"href":"https:\/\/presspay.ng\/news\/wp-json\/wp\/v2\/media?parent=27554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/presspay.ng\/news\/wp-json\/wp\/v2\/categories?post=27554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/presspay.ng\/news\/wp-json\/wp\/v2\/tags?post=27554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}