FG, UNDP commence drive to improve Nigeria’s credit rating

L-R: Tony Muhumuza, Economic Adviser, UNDP; Raymond Gilpin, Chief Economist for Africa, UNDP; Monday Usiade, National Adviser to UNDP on Sovereign Credit Rating Initiative for Nigeria; Konrad Reuss, Credit Rating Adviser to UNDP; at today’s High-Level Debriefing Meeting on Credit Rating Needs Assessment Mission for Nigeria, in Abuja.

The debriefing meeting focused on identifying practical measures to improve Nigeria’s engagement with international credit rating agencies, strengthen institutional capacity and ensure that the country’s sovereign ratings more accurately reflect the progress of its economic reforms and long-term growth prospects.…Cut borrowing costs Emma Ujah, Abuja Bureau Chief The Federal Government, in partnership with the United Nations Development Programme (UNDP), has begun efforts to improve Nigeria’s sovereign credit ratings as part of a broader strategy to reduce the country’s borrowing costs and attract more investment.