Oyeyemi Kale, partner and chief economist of KPMG Nigeria, says Nigeria’s debt is only perceived to be too much because of the country’s poor repayment ability. In a series of
Tag "Nigeria’s Debt"
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.
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
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
The Centre for the Promotion of Private Enterprise (CPPE) says Nigeria should adopt concessionary financing instead of commercial borrowings. Concessional
The Debt Management Office (DMO) says Nigeria’s total public debt hit N38.005 trillion at the end of the third quarter
Akinwumi Adesina, president of the African Development Bank (AfDB), says Nigeria must “decisively” resolve its debt challenges to ignite economic
Zainab Ahmed, minister of finance, budget and national planning, says the federal government will borrow to finance N6.258 trillion deficit
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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