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 mmazen@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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