Nigeria to up 2012-2014 external debt by $1.3 bln: finmin
ABUJA (Reuters) - Nigeria's finance minister has asked lawmakers to expand its 2012-2014 external borrowing plan by $1.3 billion to take the total debt over the period to $9.2 billion.
The additional debt would be used to launch a $1 billion eurobond next year, a $100 million diaspora bond and for $200 million water projects in oil-producing Rivers state, the finance ministry said on Tuesday.
Ngozi Okonjo-Iweala put the proposal to the national assembly on Monday.
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