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HomeBUSINESSECONOMYFG’ll Pay Foreign Debts Before Other Obligations- CBN Gov., Godwin Emefiele

FG’ll Pay Foreign Debts Before Other Obligations- CBN Gov., Godwin Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the Federal government will ensure the payment of foreign debts before settling other obligations.

Emefiele said this while answering questions during a press briefing at the ongoing International Monetary Fund/World Bank Annual Meetings in Washington DC.

Recall that Nigerians has expresses worry about the rising debt profile of the country

The CBN Boss In his words said: “We have ensured that any of our debts due is given utmost priority, particularly foreign debt.”

“It is like first line charge, and the minister talks to me about it. And we ensure that wherever we are going to find the dollar, we would pay any of our debts, even before we service any obligation. That is a rule if it is Nigeria’s authentic sovereign debt.”

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