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UPDATE 2-Nigeria to borrow $1.76 bln for security spending –FinMin

Nigeria plans to borrow 722.53 billion naira ($1.76 billion) from domestic capital markets for additional security spending, Finance Minister Zainab Ahmed said on Wednesday. As part of Nigeria's security spending, the World Bank also agreed to allow the government to restructure existing loans of 39.58 billion naira to supplement the funds, she told reporters after a cabinet meeting. The cabinet also approved an allocation of 83.56 billion naira for the purchase and deployment of 30 million doses of the Johnson & Johnson COVID-19 vaccine. ....

Ohnson Johnson , Zainab Ahmed ,