FG, states spend N428bn to service external debt in 2018
The Federal government and the 36 states spent N428.4 billion to service external debt amounting to N7.76 trillion ($25.3 billion) in 2018.
IEDI raises alarm over Imo’s N93.27bn debt
OWERRI—CAPTAINS of industry in Imo State, under the aegis of Imo Economic Development Initiative,IEDI, have raised the alarm over rising domestic debt of Imo State, which they allege has hit N93.27 billion.
IGR rises to N396bn, as states incur N4.2tr debt
LAGOS—IN an apparent reflection of increased economic activities mirrored by the country’s recovery from recession in the second quarter of the year, the Internally Generated Revenue, IGR, of 33 states has risen by 17 per cent to N397 billion, year-on-year in the first half of the year (H1 2017).
Anambra to spend N70 million monthly on debt servicing
he Anambra government has said it will spend between N60 and N70 million monthly to service its domestic and external debts.
Total debt rises to N20trn — DMO
THE Senate, yesterday, approved an external loan of $5.5 billion to enable the Federal Government finance the 2017 budget and refinance the foreign debts.
Nigeria’s debt profile not politically motivated
In an interview published in a national daily (not Vanguard) on Monday, November 6, 2017, a former Deputy Governor of the Central Bank of Nigeria, Prof Kingsley Moghalu, exercised his inalienable freedom of expression on some national issues, especially in the areas of youth empowerment, citizens’ obligation to pay taxes, unemployment, leadership and public policies. As a former public official and academic, Prof Moghalu, more than qualifies to voice his enlightened opinion on these and many more socio-economic subjects of concern.
