Tuesday, December 7, 2021
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Tag "debt servicing"

Zainab Ahmed: FG spent N2trn on debt servicing in six months

    Zainab Ahmed: FG spent N2trn on debt servicing in six months

The federal government says it spent N2.02 trillion on debt servicing within the first six months of 2021 (January-June). The figure represents 90.6 percent of the retained revenue of N2.23

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FG to spend 47% of its four-year revenue on debt servicing

    FG to spend 47% of its four-year revenue on debt servicing

The federal government has projected to spend N17.8 trillion on servicing debt between 2021 and 2024. This represents 47.6 percent of N37.42 trillion expected revenue within the four-year period. By

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BudgIT: FG spent 97% of its revenue on debt servicing in 2020

    BudgIT: FG spent 97% of its revenue on debt servicing in 2020

BudgIT, a civic-tech non-profit organisation, says out of the federal government’s total revenue of N3.42 trillion in 2020, N3.34 trillion was used for debt servicing. This means that for every

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AfDB asks countries to establish mechanism for debt restructuring

    AfDB asks countries to establish mechanism for debt restructuring

The African Development Bank (AfDB) has asked governments on the continent to establish a financial stabilisation mechanism for debt restructuring plan. Akinwumi Adesina, president of the AfDB, made the call

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DMO: FG spent $243m on external debt service in 2020

  DMO: FG spent $243m on external debt service in 2020

The federal government expended a total of $243 million on debt servicing between January and December 2020. This is contained

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‘It’s extremely misleading’ — DMO clarifies ‘missing’ N2.2trn in 2018 appropriation act

  ‘It’s extremely misleading’ — DMO clarifies ‘missing’ N2.2trn in 2018 appropriation act

The Debt Management Office (DMO) has denied reports that it was unable to account for N2.2 trillion allocated to its

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REVEALED: FG spent 97% of Jan-May revenue on debt servicing

  REVEALED: FG spent 97% of Jan-May revenue on debt servicing

The federal government spent 97.5 percent of its January to May 2020 revenue on debt servicing. According to the 2021

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