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Presidency Seeks National Assembly`s Nod On 500 Million Dollars Eurobond

Acting President, Professor Yemi Osinbajo has sought the approval of the National Assembly for the issuance of five hundred million dollars Eurobond in the international capital market to fund the 2017 budget.

The Acting President, via a correspondence, read by Speaker, House of Representatives Yakubu Dogara at the plenary session yesterday disclosed that Professor Osinbajo sought the issuance of the Eurobond between February and March 2017, subject to market conditions, in order to meet the approved capital expenditure funding plan as specified in the 2017 budget.

In another development, Professor Osinbajo has said the time has come for Nigeria and the United States to deepen the long-standing relationship between the countries based on mutual trust.

The acting president spoke at the Presidential Villa, Abuja while receiving the Commander of the U.S.-Africa Command, General Thomas D. Waldhauser and the American Ambassador in Nigeria, Stuart Symington.

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