Nigerian Economic Council NEC Approves $4.5billion Refinancing Of $3.3billion Oil-Backed Loan

The National Economic Council has approved the refinancing of the $3.3billion Project Gazelle Pre-Export Finance Facility through a new $4.5billion facility named Project Gazelle 2. The approval came on Monday at the 159th meeting of NEC, held virtually and chaired by Vice President Kashim Shettima, following a presentation by the Minister of Finance and Coordinating Minister of the Economy, Dr Taiwo Oyedele, on the significance of the refinancing arrangement.

Raccontata dasaharareporters.compunchng.combusinessday.ngthisdaylive.comvanguardngr.combusinessday.co.za