The Federal Government is working with Austrian authorities and the Vienna Stock Exchange to establish a bond vehicle to raise capital for foreign companies investing in projects in Nigeria.
Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this while addressing the GPF Global Vienna meeting in Vienna, Austria, on Tuesday via a video message posted on X.
Bagudu said the vehicle, known as the Esme Bond, was developed after about 18 months of engagement involving Nigerian and Austrian officials, the Vienna Stock Exchange and fund managers.
According to him, Austrian nationals and representatives of the Nigerian government through the Ministry of Finance Incorporated, MOFI, are represented on the board of the vehicle.
“The idea is that this vehicle will float bonds on the Vienna Stock Exchange in order to fund Austrian companies or other businesses in green technology, waste to energy, textiles, pharmaceutical, as well as agricultural companies,” Bagudu said.
