Barely 16 months to the end of President Muhammadu Buhari’s second and final term in office, the window of opportunity to deliver the promised strong economy and secured nation is becoming narrow.
The figures presented by the Debt Management Office as of March 2021 shows that Nigeria’s total debt stock is N33, 107trn. This comprises of debt stock of the Federal Government
Initiative for Leadership and Economic Watch in Nigeria (ILEWN) has called on the Federal Government to expand the nation's revenue base by 30 per cent through tax collection to cushion
The Fiscal Responsibility Commission (FRC) has raised concern over the increasing debt profile of states governments and continued funding of projects
The startling revelation that the Federal Government spent N2.34trillion out of a total sum of N3.25 trillion accrued revenue in 2020 on debt servicing, to put it mildly, shows a potent recipe for economic bankruptcy.
23 Jun 2021
A lasting divide risk emerging between rich and poor countries if the rising debt burden of low-income and emerging nations is not tackled, a report warned Thursday...
12 Jun 2021
Senate President, Ahmad Lawan, yesterday, admitted that the debt burden of about N32trillion on the economy is very high, but said “it is necessary to help build needed infrastructure for development.”
31 May 2021
Despite the negative toll the debt profile is having on the Nigerian economy, the Debt Management Office (DMO) has insisted that the nation’s debt is still sustainable
25 May 2021
Stakeholders are unsettled over the Federal Government’s plan to borrow a fresh $6.18 billion (N2.343 trillion) amid a rising debt profile, which may push the country’s debt to about N36 trillion...
7 Apr 2021
The Ogun State Government has said that the debt figure given to it by the immediate past administration did not capture the entire liabilities left behind.
21 Jan 2021
For Nigeria to attract the Foreign Direct Investment (FDI) needed to reduce public debt and shore up its debt to revenue ratio in a sustainable manner, the need to adopt a new economic model
26 Nov 2020
The Benue State government has approached the Supreme Court asking for a stay of execution of the judgment given by National Industrial Court (NIC).