The Minister of Finance, Mrs Kemi Adeosun told journalists in Abuja that the additional funding, on top of the initial 420 billion naira released in May, is primarily for capital expenditure projects that would also involve support from local banks and transaction partners. Mrs Adeosun noted that Nigeria plans to borrow a total of 1.8 trillion naira at home and abroad to fund an expected budget deficit of 2.2 trillion naira. Aimed at reviving the crashed economy, the government has approved borrowing from the African Development Bank, China, Japan and World Bank with rates of 1.25 percent and a 20-year maturity. ]]>