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Debt

Nigeria’s public debt now N39trn, says DMO; Buhari not alone, NASS, States and past administrations involved

President Muhammadu Buhari may be blamed for much of the country's ballooning debt, but he is not to be blamed alone for the trend. According...

Nigeria’s debt stock to hit N38 trillion and counting if NASS approves Buhari’s request

If the National Assembly approves President Muhammadu Buhari's latest request to borrow, the country's debt profile may rise to about N38 trillion, if figures...

We Must Keep Nigeria Financially Solvent For Future Generations

By Atiku Abubakar On June 16, 2020, I sounded an alarm to the nation that our debts have reached unsustainable levels, and were consuming over...

Nigeria’s external debt stock to rise to $87b as Senate approves $2.6bn loan request to finance priority projects

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...

World Bank stresses transparency, accountability as Gbajabiamila calls for Africa’s debt cancellation

House Speaker, Representative Femi Gbajabiamila insists that foreign debt is strangling African countries individually and collectively, and pleads for cancellation.At a roundtable with development...

Nigeria’s debt profile now N26.215 trillion

Nigeria's total public debt has risen to N26.215 trillion, according to figures from the Debt Management Office. The figure were released to different stakeholders at...

Is Nigeria going to borrow over $25 billion to swell her N25 trillion debt portfolio?

With President Muhammadu Buhari's request for an external debt borrowing plan, the spectre of at least an additional $25 billion to the country's already...

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