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Tag "Nigeria’s Debt"

World Bank: We’ll assess Nigeria’s sustainability plan before granting debt restructuring

    World Bank: We’ll assess Nigeria’s sustainability plan before granting debt restructuring

The World Bank says it will assess Nigeria’s debt sustainability plan before granting relief. It, however, said the country is yet to request debt restructuring under the G20 common framework.

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Peter Obi: FG should restrict borrowing to 5% of previous year’s revenue

    Peter Obi: FG should restrict borrowing to 5% of previous year’s revenue

Peter Obi, presidential candidate of the Labour Party (LP), says the federal government should restrict borrowings to a statutory 5 percent of the previous year’s revenue. Obi disclosed this on

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REWIND: In 2019, Atiku warned FG against excessive borrowing

    REWIND: In 2019, Atiku warned FG against excessive borrowing

In 2019, Atiku Abubakar, former vice-president and presidential candidate of the Peoples Democratic Party (PDP), raised the alarm over the accumulation of debts by the federal government. In an opinion

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CPPE asks FG to adopt concessionary financing

    CPPE asks FG to adopt concessionary financing

The Centre for the Promotion of Private Enterprise (CPPE) says Nigeria should adopt concessionary financing instead of commercial borrowings. Concessional financings are loans extended on terms substantially more generous than

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DMO: Nigeria’s public debt increased by N2.5trn in three months

  DMO: Nigeria’s public debt increased by N2.5trn in three months

The Debt Management Office (DMO) says Nigeria’s total public debt hit N38.005 trillion at the end of the third quarter

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Akinwumi Adesina: Nigeria must decisively tackle its debt challenges

  Akinwumi Adesina: Nigeria must decisively tackle its debt challenges

Akinwumi Adesina, president of the African Development Bank (AfDB), says Nigeria must “decisively” resolve its debt challenges to ignite economic

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Zainab Ahmed: FG will borrow to fund N6.25trn deficit in 2022 budget

  Zainab Ahmed: FG will borrow to fund N6.25trn deficit in 2022 budget

Zainab Ahmed, minister of finance, budget and national planning, says the federal government will borrow to finance N6.258 trillion deficit

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PDP: Buhari owes Nigerians huge explanation over N24.387trn debt

  PDP: Buhari owes Nigerians huge explanation over N24.387trn debt

The Peoples Democratic Party (PDP) says the President Muhammadu Buhari-led administration owes Nigerians a huge explanation for its “borrowing spree”

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