A media partner of
SATURDAY
Sanctity Of Truth
NIGERIA’S MOST AUTHORITATIVE NEWSPAPER IN POLITICS AND BUSINESS
Thursday, December 25, 2014
/newtelegraph
Vol. 1 No. 310
@newtelegraph1 www.newtelegraphonline.com
N150
Budget 2015: FG to borrow $6bn
lPension contribution hits N2.5trn Onwuka Nzeshi ABUJA
T
he Federal Government plans to borrow a whopping $6,084.78 million from external sources based on
the rolling pipeline projects of 2014. It will also borrow another N570 billion from domestic sources. According to its borrowing programme for the 2015 fiscal year, the exter-
nal funds would be based on the expected drawdown on existing loans and new borrowings. In one of the documents accompanying the 2015 budget proposal obtained by New Telegraph,
the drawdown on existing loans which will amount to $6,084.78 million will be sourced from different financial institutions including the Eximbank of China, Eximbank of India, African DevelopCONTINUED ON PAGE 6
Teenage suicide bomber opens up lMy father handed mummy and I to Boko Haram }5 Quick Read
Editorial
The meaning of Christmas
}19
No Christmas carols for these players! }51 Christmas Break
Your darling newspaper, New Telegraph, will be off the newsstand tomorrow in commemoration of the season. We shall resume publication from Saturday. –Editor
A woman buying chicken at Kubwa Market in Abuja…yesterday.
Jonathan, Mark, Tambuwal, }7 Buhari, preach peace at Xmas
Travel Advisory Your guide to local and international flights 4