Nigeria, June 5 -- The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said Nigeria is considering refinancing some of its expensive debt obligations and raising fresh funding to bridge its budget deficit as improving market conditions boost investor confidence in the country.

He disclosed this in an interview with Bloomberg TV.

Mr Oyedele said the federal government intends to take advantage of favourable market conditions to restructure costly legacy debt and secure additional financing for development projects.

"We think that this timing is good for us to be able to maybe even refinance some of our expensive past debts, but also to raise more funding for our development at this critical time. You don...