Nigeria Considers Doubling Diaspora Bond to Lure Citizens
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Nigeria may more than double the size of a planned $100 million diaspora bond to tap demand from nationals living outside the continent’s most populous nation to fund projects back home.
The Debt Management Office is set to ask lawmakers within two to three weeks for a possible increase to between $200 million and $250 million, Director General Abraham Nwankwo said in an interview on Jan. 15 in the capital, Abuja. The amount will be set before June, he said.