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Tag "borrow"

DMO: Nigeria should only borrow for revenue-generating projects

    DMO: Nigeria should only borrow for revenue-generating projects

Patience Oniha, director-general of the Debt Management Office (DMO), has advised that the federal government borrow funds only for revenue-generating projects. She gave the advice on Wednesday, in Abuja, at

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Court restrains FG from borrowing unclaimed dividends

    Court restrains FG from borrowing unclaimed dividends

A federal high court sitting in Abeokuta, Ogun state, has issued an interim order restraining the federal government from borrowing unclaimed dividends of shareholders in the Nigerian capital market. The

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Peter Obi: Nigeria has nothing to show for all the money borrowed since 2008

    Peter Obi: Nigeria has nothing to show for all the money borrowed since 2008

Peter Obi, former governor of Anambra state, says Nigeria has nothing to show for all the funds it has been borrowing for years. Obi was reacting to the senate’s approval of

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Despite $84bn debt, Lai says there’s no cause for alarm

    Despite $84bn debt, Lai says there’s no cause for alarm

Lai Mohammed, minister of information, says there is no cause for alarm over Nigeria’s rising debt. Speaking on Monday at a press conference to highlight the administration’s major achievements in

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Yahaya Bello: I borrowed N10bn to pay salaries

  Yahaya Bello: I borrowed N10bn to pay salaries

Yahaya Bello, Kogi state governor, says he borrowed N10 billion in addition to the last tranche of the Paris Club

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Adeosun: Nigeria cannot borrow anymore to fund budget

  Adeosun: Nigeria cannot borrow anymore to fund budget

Kemi Adeosun, the minister of finance, has warned that the country can no longer afford to keep borrowing to fund

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