Nigeria@63: Faith-based stakeholders task FG to be transparent on borrowed funds
02 October 2023 |
2:35 am
As the nation marks its 63rd Independent anniversary, faith-based stakeholders have charged the Federal Government to demonstrate transparency in the funds it has been borrowing.
loan
Express worry over rising poverty despite increased borrowings
As the nation marks its 63rd Independent anniversary, faith-based stakeholders have charged the Federal Government to demonstrate transparency in the funds it has been borrowing.
They expressed worry of rising poverty index among the citizens, which, according to them, the nation may not get out of soon despite increased borrowings by the government.
The concerns were raised at a roundtable organised by the Caritas Africa, in conjunction with Caritas Nigeria and Justice Development and Peace Commission, in Port Harcourt, at the weekend.
The theme of the meeting, attended by Muslim and Christian clerics, was ‘Transparency in the Utilisation of Externally Borrowed Funds and Equity in the Allocation of Special Drawing Rights: The Position of Faith-Based and Other Non-State Actors in Nigeria.’
Speaking, Team Lead of Good Governance and the Focal Person, Caritas-Nigeria, Joe Nkamuke, said it was time the Federal Government showed Nigerians how they utilised the borrowed funds, lamenting that the debt profile of the country is to the tune of $108 billion.
Related
5 mins ago
The Minister of Information and National Orientation, Alhaji Mohammed Idris, says the usage of obsolete equipment for broadcasting by FRCN and NTA is unacceptable
15 mins ago
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has reiterated the FCT Administration’s commitment to nurture and support talent for sustainable economic growth and development in the FCT. Wike stated this at the opening of the 13th edition of Zuma Film Festival (ZFF), in Abuja on Friday. The festival, which would hold…
3 hours ago
Kogi State Commissioner of Police, CP Bethrand C. Onuoha, has ordered for a thorough investigation into the attack on the residence of the Kogi State Resident Electoral Commissioner, Dr. Gabriel Longpet, in the early hours of yesterday.
3 hours ago
Stakeholders have begun to worry about the paltry 12.5 per cent allocation for both health and education in the 2024 Appropriation Bill, predicting that the social sector of the economy may suffer acute funding in the coming years...
3 hours ago
Climate change and its impacts, particularly extreme weather and heatwaves, pose a “substantial risk” to the progress being made to fight malaria, the UN World Health Organisation (WHO) said yesterday.
3 hours ago
The Senate has urged the Federal Government to henceforth withhold statutory allocation to local councils without democratically elected leaders.
3 hours ago
A Chieftain of the Indigenous People of Biafra (IPOB), Emmanuel Madubike, has said that those killing and abducting hapless Nigerians in the name of Biafra struggle have given the group a bad name.
3 hours ago
The Ogun State government, yesterday, said it would continue to make land available to genuine investors ready to do business in the state.
3 hours ago
As the world gathers in Dubai, United Arab Emirates for COP 28, the Nigeria House of Representatives has praised one of theirs, Sam Onuigbo, for his recognition by New York-based Business Insider as one of the 30 Global Leaders on Climate Change.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.