Buhari govt denies plans to borrow N2trillion
Ahmed, at the Udo Udoma & Belo-Osagie second private equity summit in Lagos, explained that the National Economic Council only set up a committee to encourage pension fund managers to invest in infrastructure development.“What we agreed is to design a product that pension fund managers will fund attractive enough to invest in, that will give them free safe returns.
Ahmed said that now, pension funds managers don’t have an opportunity to invest in Open Market Operation anymore. “But we are gradually changing that; the debt management strategy is to move the ratio to 60 per cent domestic and 40 per cent external and now it’s 35 per cent external borrowing.
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