Nigerian government is in discussions with the United Kingdom minister of state for international development on issuance of “jollof bonds.”
This is coming as the Federal government has secured the first tranche $750 million of the $3 bullion facility from the World Bank.
Zainab Ahmed, finance minister, disclosed this during the press briefing on the outcome of various bilateral meetings held at the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington, D.C.
“We also participated in the UK investment summit to explore further areas of corporation. I am happy to announce the willingness of the UK authorities to support our infrastructure financing through the possible issuance of jollof bonds,” the minister said.
