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Investor Presentaiton

Abia State Government of Nigeria LOANS FINANCING: BREAKDOWN OF LOANS Project/Donor Loan from Commercial Banks Loan from The Infrastructural Bank(TIB) World Bank - Education for Employment and Skill Acquisition Belgium Gov't - Umuahia/Aba Regional Water Scheme Total Loans 2020 Budget Target Amount (Naira) Billion 2.00 The Government borrows to finance its annual budget generally when revenues and grants are not enough to fund all the expenditures in the budget. Loans could be domestic and or foreign sources. Loans can be for a Amount Naira 2,000,000,000 10,000,000,000 10.00 730,000,000 used to finance the general 3.000.000.000 3.00 budget expenditures. 15,730,000,000 15.73 specific project or set of 0.73 expenditures or could be 2020 Approved Estimates ............ Budget of Economic Repositioning. 366 .............
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