• Oyedele: Achieving investment grade status can save Nigeria N5.84tn
•Says Africa loses over $74.5bn annually in additional borrowing costs due to perception gaps
Ndubuisi Francis in Abuja
The federal government has concluded a high-level lNeeds Assessment Mission of Nigeria , in collaboration with the United Nations Development Programme (UNDP) under the Africa Credit Ratings Initiative (ACRI) and strategic partners, including the European Union Delegation to Nigeria and ECOWAS, as well as Canada,.
The initiative is designed to instil investor confidence, shore up Njgeria’s sovereign rating, drive down borrowing costs and attract the much-needed development finance.
