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Tag "debt"

Abraham Nwankwo: Infrastructure deficit can be addressed through borrowing

    Abraham Nwankwo: Infrastructure deficit can be addressed through borrowing

Abraham Nwankwo, a former director-general of the Debt Management Office (DMO), says Nigeria’s infrastructure deficit can be addressed with debt financing. Nwankwo, who spoke at the annual lecture of a

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Reps probe Nigeria’s ‘alarmingly high’ N22trn debt profile

    Reps probe Nigeria’s ‘alarmingly high’ N22trn debt profile

The house of representatives has resolved to probe Nigeria’s debt profile which lawmakers say is at an “alarmingly high” rate. The lawmakers made the resolution while adopting a motion introduced by

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IMF: World debt at all-time high… an average of $86k owed per person

    IMF: World debt at all-time high… an average of $86k owed per person

The International Monetary Fund (IMF) says the world’s debt has hit an all-time record of $184 trillion, an upward swing from the $182 trillion reported last week. The figure represents

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IMF: Over 50% of Nigeria’s revenue is used to service debt

    IMF: Over 50% of Nigeria’s revenue is used to service debt

Amine Mati, International Monetary Fund (IMF) senior resident representative for Nigeria, says more than 50 percent of Nigeria’s revenue is used to service the country’s debt He made the remark during a

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BudgIT: $10bn rise in public debt stock is not a full story

  BudgIT: $10bn rise in public debt stock is not a full story

BudgIT, a civic organisation, says Vice President Yemi Osinbajo’s comments on Nigeria’s public debt stock does not tell the full story.

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Reps approve Buhari’s $2.786bn Eurobond request but ask FG to limit borrowing

  Reps approve Buhari’s $2.786bn Eurobond request but ask FG to limit borrowing

The house of representatives has approved the $2.786 billion loan request of President Muhammadu Buhari for part funding of the

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Ekiti debt profile hits N120bn as Fayose bows out

  Ekiti debt profile hits N120bn as Fayose bows out

The debt profile of Ekiti state which was N117 billion at the beginning of the year has risen to N120

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Oniha: FG working on ways to avoid debt crisis

  Oniha: FG working on ways to avoid debt crisis

Patience Oniha, director general of the Debt Management Office (DMO), says the federal government is working on generating long-term revenue

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REVEALED: Nigeria’s debt rose to N22.4trn in six months

  REVEALED: Nigeria’s debt rose to N22.4trn in six months

The Debt Management Office (DMO) says Nigeria’s total debt rose to N22.4 trillion in the first half of the 2018

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Yahaya Bello won’t sink Kogi in debt, says spokesman

  Yahaya Bello won’t sink Kogi in debt, says spokesman

Kingsley Fanwo, spokesman to Yayaha Bello, Kogi governor, will not plunge the state into debt. Fanwo said this in reaction

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