Tag "DEBT"

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Imoke’s N382bn Debt Frustrating C/River Development Plan – Ayade

Francis Ogar,  Calabar Cross River State Governor Ben Ayade has said that his administration’s stride to build infrastructure in the state is being frustrated by the debt left behind by his predecessor, Liyel Imoke. Ayade who has faced severe criticisms

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Workers To FG, Don’t Borrow N620bn From Pension Funds

Proposal based on PFAs willingness to invest in transportation sector FG.‘No sane union would take that’ – ASCSN President We may become stranded if govt defaults, says NUP Ladi Patrick, Abuja Workers under the auspices of Association of Senior Civil

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Fresh Borrowing Request Of N 2.2trn By The Federal Government: Nigerians Speak

Following recent information that President Muhammadu Buhari has written to the National Assembly, seeking approval to borrow another round of foreign loan worth N2.2trn ($4,054,476,863bn), this is not the first time the President requesting approval for external loans this year.

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Nigeria’s External Debt To Hit $87bn With Approval Of $2.6bn Loan

Mariam Sanni, Abuja Nigeria’s debt profile looks set to rise by another $2.6 billion as the Senate, on Wednesday, approved the sum out of the $5.5 billion external borrowing request sent to the National Assembly by President Muhammadu Buhari in

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Nigeria’s Rising Debt Raises Concerns

Mariam Sanni, Abuja Nigeria has seen its debt stock rise sharply in recent years as the country tries to fund infrastructural and developmental projects and boost its fragile economy, which has been in and out of recession. The country’s economy

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FG’s Recent Borrowing From Pension Fund: Nigerians Speak

Following the recent move by the Federal Government of Nigeria to borrow from the National Contributory Pension Scheme despite the fact that pensioners are suffering, AljazirahNigeria reporter went round the street of Abuja to get the views of Nigerians. GLADYS

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$1.5bn Loan May Hit Nigeria Hard

George Emine Owing to the impact of the coronavirus pandemic on Nigeria, the minister of finance, Zainab Shamsuna Ahmed said on Monday April 6, that Nigeria has requested the sum of $6.9 billion from multilateral lenders to cushion the effects

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Rising Debt Servicing Cost Can Impede Growth – CBN

Mariam Sanni, Abuja The Central Bank of Nigeria has expressed concern over the rising cost of debt service being incurred by the Federal Government. This was made known , in CBN half-year 2020 economic report, said the trajectory of Federal

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Inherited Debts Hindering My Administration – Obaseki  

The governor of Edo, Godwin Obaseki, has reportedly lamented that efforts by his government to provide the much-needed infrastructure in the state are being hampered by the huge debts he inherited when he came to office. Obaseki said the debts

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Debt weighs down National Assembly

The National Assembly is facing serious financial crunch as a result of huge debt running into billions of naira, lagos herald has reliably gathered. The debts were owed contractors for the supply of office facilities, lawmakers’ vehicles, and maintenance costs among

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