The new approved Diaspora Bond was in a recommendation submitted to the House on Tuesday by an ad-hoc committee set up to consider the President’s request.
The approval was given during consideration of report of the Ibrahim Babangida-led ad hoc Committee mandated to work on the presidential request at the Committee of the Whole House on Tuesday.
According to the report, the Diaspora bond which was captured in federal government’s external borrowing plan 2016-2018, was aimed at diversifying government sources of funding and taking advantage of Nigeria large Diaspora population.
According to the report, the Diaspora bond which was captured in federal government’s external borrowing plan 2016-2018, was aimed at diversifying government sources of funding and taking advantage of Nigeria large Diaspora population.
