Nigeria to Borrow $300 Million for Water Projects, This Day Says

Nigeria plans to borrow $300 million for water supply projects in the West African nation, Finance Minister Ngozi Okonjo-Iweala told lawmakers, according to ThisDay newspaper.

The proposal is part of an initial request for $7.9 billion that has been pending before Parliament and $1.4 billion more including the water request for works in several states, the paper said, citing the borrowing plan unveiled before legislators yesterday.

To contact the reporter on this story: Maram Mazen in Abuja at

To contact the editor responsible for this story: Randall Hackley at

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.