The Federal Government on Wednesday approved the issuance of $2.9 billion in Eurobonds.
The approval was given at the Federal Executive Council meeting presided over by President Muhammadu Buhari inside the Council Chamber of the Presidential Villa in Abuja.
Minister of Finance, Mrs Zainab Ahmed, told State House correspondents after the meeting that the approval would lead to the implementation of external borrowing plan captured in the 2018 budget.
She disclosed that the Council also gave an approval for payment to transaction parties, adding that the sum of N460billion had been released for capital projects as at two weeks ago.
The Minister of Agriculture, Audu Ogbeh, and that of Labour and Employment, Chris Ngige, also briefed reporters.