Investor Presentaiton
Funding Fiscal
Nigeria has access to adequate concessional financing, a resilient domestic securities market and reserves buffer to finance
both the fiscal (US$13.8bn) and Balance of Payments (c. US$14.0bn) gap.
Funding Fiscal Gap
In US$ Billions
Sources of funding
Sale of FNG Property
Privatization
Bi-/Multilateral Project-tied Loans
Borrowing from Special Accounts
New Borrowings, o/w
Domestic Borrowings
Foreign Borrowings
External Financing Sources
2020
as Passed NASS
2020
2021
2022
Proposed Revision
Revised Projections
Revised Projections
7.1
13.8
10.2
7.6
0.4
0.3
0.8
0.4
0.8
0.7
1.1
1.1
0.7
0.3
-
0.7
5.2
11.6
8.3
6.3
2.4
6.1
4.2
3.1
2.8
5.5
4.2
3.1
In US$ Billions
Amount
Status
Sources & Uses
5.5bn
International Monetary Fund
3.4
Approved
ā
World Bank
1.5
In Discussion
African Development Bank
0.5
Partially Approved
($288.5mn)*
Islamic Development Bank
0.1
* Remainder of expected African Development Bank loan amount to be approved later
In Discussion
Federal Ministry.co
Finance, Budget and
National Planning
6
Source: Debt Management Office
Key Comments
Higher domestic borrowing will be raised through various securities
in the domestic markets
The new $5.5bn of foreign borrowings will also be counted towards
international reservesView entire presentation