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Nigeria to assist South Sudan debt management

01 December 2015, 16:40

Lagos - Nigeria will help in assisting South Sudan in managing its huge debt profile and in developing its bonds market.

Dr Abraham Nwankwo, Director-General, Debt Management Officer, was speaking as he welcomed a South Sudan delegation and also encouraged African countries to cooperate with each other.

Also read: Nigeria gambling sector tipped for growth

Nwankwo added that Nigeria would assist South Sudan in setting up its own debt management office, stating that this cooperation would open up new pathways of economic cooperation between the two countries.

Mr Philip Boldit, a member of the delegation said that South Sudan could learn from Nigeria's recent past and highlighted the fact that the two oil producing countries had lots of similarities.

He added that they hope to learn from Nigeria and to also implement the Nigerian way in handling its debt crisis.

For more on this story, visit Vanguard.

- News 24


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