nigeria's debt servicing Archives

LCCI to FG: Nigeria’s rising debt disturbing… discontinue unsustainable pattern

The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to rethink sources of debts, adding that the country’s debt portfolio is disturbing. Michael Olawale-Cole, president,

FG spent $1.3bn on debt servicing in six months

The federal government expended $1.302 billion on debt servicing in the first half of 2021 (January and June 2021). The Debt Management Office (DMO) disclosed this in a recent report.

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Adeboye on debt servicing: We have problems but Nigeria will survive

Enoch Adeboye, general overseer of the Redeemed Christian Church of God, says there are problems as Nigeria is using 98 percent of its income to service debt. In the first

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