Nigeria has already borrowed more than half the amount it budgeted for the full year as it struggles to deal with lower income from oil, Finance Minister Ngozi Okonjo-Iweala said.
Africa’s biggest crude producer and economy has sold 473 billion naira ($2.4 billion) so far in domestic and external debt this year, within the budgeted allowance of 882 billion naira for 2015, she told reporters on Tuesday in the capital, Abuja.