Nigeria has received multiple funding offers from investors and institutional lenders, according to Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele. Speaking during an interview with Bloomberg TV, he said growing investor confidence in the country has created opportunities to secure financing for critical development needs.
Oyedele noted that the current market conditions could allow Nigeria to refinance some of its existing high-cost debt while also raising fresh funds to support economic growth and infrastructure development. He described the timing as favourable for the country to explore new financing options.
“We think that the timing is good for us to be able to maybe even refinance some of our expensive past debts, but also to raise more funding for our development at this critical time,” he said.
Addressing questions about a possible Eurobond issuance or other forms of commercial borrowing, the minister explained that any decision would depend on market conditions, the volume of funding required, and how quickly the government needs access to the resources.
He disclosed that Nigeria currently has several financing options available, with strong interest coming from both private investors and institutional lenders. According to him, the government is in discussions with organisations such as the African Finance Corporation (AFC), the African Development Bank (AfDB), and Afreximbank, while also exploring financing arrangements involving other countries.
Oyedele stressed that the government would carefully assess the costs, risks, and overall suitability of each funding source before making a decision. He said the objective is to ensure that every naira and dollar borrowed delivers maximum value while advancing Nigeria’s development priorities and economic goals.
Elijah Adeyemi
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