Nigeria’s public debt burden will hit N77tn if the National Assembly approves the request by the President Muhammadu Buhari to restructure the Ways and Means Advances.
The supplementary budget is expected to be financed through domestic borrowing
Nigeria’s total public debt rose by 2.9% q/q or N1.3trn to N44.1trn at end-September ’22 from N42.8trn at endJune ’22.
LCCI lamented that additional borrowings will further increase Nigeria’s debt-servicing bill
The Federal Government has yet again hinted that it will borrow billions of dollars from both Europe and Asia to complete the ongoing rail projects across...
The Federal Government has received approvals for a $1.8 billion loan from the Islamic Development Bank.
Nigeria’s total public debt stock is now N42.84 trillion, or $103.31 billion as of June 2022
According to Nigeria’s Debt Management Office (DMO), Nigeria’s total public debt rose by 5.2% quarter on quarter (q/q) or N2 trillion from N39.5 trillion at end-December...
The World Bank Group has said COVID-19, the ongoing Ukraine war and rising global interest rates have pushed public debt in Nigeria and other low and...
Nigeria’s rising borrowing amid low revenue generation continues to drag on the nation’s resources and development as shown by the latest report from the Debt Management...