Tag: Borrowing
-
We will continue to borrow – FG
The Federal Government says it will continue to borrow within manageable and sustainable limits in accordance with the Debt Management Office (DMO) debt sustainability framework.
-
FG ends borrowing – Finance Minister, Edun
The Federal Government says it has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation. The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this at the end of
-
JUST IN: Tinubu vows to end Nigeria’s over reliance on borrowing
President Bola Tinubu on Tuesday in Abuja expressed his resolute commitment to break the vicious cycle of overreliance on borrowing for public spending, and the resulting burden of debt servicing it places on the management of Nigeria’s limited government revenues.
-
Tougher days ahead as IMF warns of decline in foreign loans to Nigeria
The International Monetary Fund (IMF) has warned that a significant reduction in foreign lending to Nigeria and other African countries is imminent as the global economy continues to suffer further shocks and contractions. IMF Deputy Department Head Wenjie Chen, made the announcement during a keynote speech at the International Monetary Fund’s Regional Economic Review held…
-
Debt sustainability: We deploy tools, strategies on borrowing-DMO
The Debt Management Office (DMO), says it deploys certain economic tools and strategies in contracting loans for the Federal Government to ensure debt sustainability. The Director-General of DMO, Patience Oniha said this in an interview with the News Agency of Nigeria (NAN) on Friday in Abuja. Oniha spoke against the backdrop of a recent workshop…
-
-
![$4.9bn fresh loans: Buhari-led government borrowing foolishly – Obasanjo [+Video]](https://thenewsguru.ng/wp-content/uploads/2020/09/Buhari-and-Obasanjo-1200x664-1.jpg)
$4.9bn fresh loans: Buhari-led government borrowing foolishly – Obasanjo [+Video]
Former President of Nigeria, Olusegun Obasanjo, has described the continuous chase for external loans by President Muhammadu Buhari-led’s government as the height of foolery. According to the ex-president, borrowing for recurrent expenditure is ‘foolish’. In a video interview conducted by Channels TV, Obasanjo said that borrowing and accumulating debt for the next generations to come…
-
‘Nigerians are the ultimate beneficiaries’; APC defends Buhari’s borrowing spree
The All Progressives Congress (APC) says the President Muhammadu Buhari’s government is borrowing to address the country’s infrastructure deficit which would in turn stimulate the economy.
-
Nigeria’s future in jeopardy, if govt fails to end excessive borrowing culture – Sanusi
“…If we don’t make those sacrifices now and set a fiscal position of government so that we are not relying on excessive borrowing we are putting the future of this country in jeopardy. Lamido Sanusi A former governor of the Central Bank of Nigeria (CBN) and 14th Emir of Kano, Sanusi Lamido Sanusi, has said…
-
Borrowing to expand infrastructure in Nigeria not a sin – Buhari’s minister
The Minister Works and Housing, Babatunde Fashola, has defended the Federal Government’s resort to loans to expand infrastructure in the country. Fashola, who spoke in Abuja at NANForum, the flagship interview programme of the News Agency of Nigeria (NAN), said that the country would not make meaningful progress without taking loans to boost infrastructure. ”…