Mounting debts: Consequence of undue emphasis on capital investments
By FRANCIS OGBIMI I am usually embarrassed listening to leaders in state and federal governments, business men and business women, lawyers, intellectuals, others, beg and cry for capital investments especially Foreign Direct Investments, FDIs, every hour, every day, in Nigeria. Some state governors travel to Europe, America and Asia to beg Europeans, Americans and Asians […]
US National debt skyrockets to levels unseen since WWII amid COVID-19 shutdown
The United States government and the Federal Reserve have taken unprecedented fiscal measures to keep the economy afloat and prevent a new Depression in recent weeks, introducing round after round of new spending and loan guarantees to the tune of trillions of dollars. The US’s national debt and American corporate debt have hit record levels […]
Labour expresses displeasure over IMF exclusion of Nigeria on debt relief
–Calls for suspension of debt payments By Johnbosco Agbakwuru ABUJA – THE Organized labour in Nigeria has expressed displeasure over the exclusion of Nigeria among the 25 poor countries benefitting from the debt relief services by the International Monetary Fund, IMF. The generosity of the IMF, was to help the benefitting countries contain the spread […]
With lower oil price, Obasanjo paid our foreign debts – Atiku
Says It’s delusory to borrow $6.9 billion now By Atiku Abubakar BEFORE the novel coronavirus pandemic hit the globe, Nigeria spent 42 per cent of her earnings on debt servicing. We have arrived at a new reality today: Even if we devote 100 per cent of our income to rebuilding our economy, it still will […]
NASS in N2 billion Premium Insurance Debt
Buildings, Vehicles, Workers lose insurance cover By Henry Umoru – Abuja Strong indications have emerged that the National Assembly is presently in N2 billion Premium Insurance debt, just as it lost insurance cover for its entire buildings, Vehicles, and entire staff. The buildings the National Assembly has lost the said sum has over N73 billion […]
How to overcome indebtedness
By: Evang. George Agbo Introduction: To every success in life, there is a secret. In the same way, to every notable miracle you have ever seen, there is a corresponding secret that must be known and practiced effectively by every believer in order to replicate such miracle. It is expedient to know that miracles are […]
