Rising debt profile will plunge Nigerians into poverty, CSO decries country’s borrowings
A civil society organisation, the African Network for Environment and Economic Justice, has said that the rising debt profile of Nigeria will force Nigerians into multidimensional poverty.
Two hours to 2021, Nigeria’s debt rises to ₦32.2tr
By Emmanuel Elebeke The Debt Management Office says Nigeria’s debt stock has rose to ₦32.223 trillion. The DMO made this known in its third quarter country debt data released on Thursday in Abuja. The statement explained that Nigeria’s debt stock grew by ₦1.214 trillion between June 2020 and end of September 2020. Accordjng to DMO, […]
Nigeria’s debt rises 8.3% to N31trn in 3 months
By Emma Ujah The Debt Management Office (DMO), Wednesday, put the nation’s total public debt stock at N31.009 trillion or $85.897 billion, as at June 31, 2020, representing 8.3 per cent rise from N28.628 trillion in March 2020. The figure comprised the debt stock of the federal government, the 36 state governments and the Federal […]
How I paid N3.2 bn inherited debt ― NAFDAC DG
Prof. Mojisola Adeyeye, the Director-General of the National Agency for Foods and Drugs Administration and Control (NAFDAC), said on Tuesday that she inherited a debt of N3.2 billion when she assumed office in November 2017. Adeyeye speaking at an online news conference to highlight the activities of the agency, said that, however, the debt had […]
Abacha: How Carrington offered me political asylum in US ― Obasanjo
Former President, Chief Olusegun Obasanjo has revealed how the late former American Ambassador in Nigeria, Amb. Walter Carrington offered him political asylum in the United States during the dark days of the late junta, Gen. Sani Abacha in 1995. Obasanjo remarked that during his tenure as Ambassador, Carrington, helped in easing the move to democratic rule […]
FG spends N609.134bn on debt servicing between Jan-March
The Federal Government spent a total of N609,134,926,039.42 in debt service between January and March, 2020.
