Tag: Debt
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Man commits suicide after losing 2.5 million naira debt
A man identified as Onoh Chukwuka Richard has reportedly committed suicide in Abia state after realizing that he failed to win a 2.5 million naira bet which he played over the weekend.
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Nigeria’s debt moved from N46trn in December 2022 to N87trn in June 2023 — DMO report
The Debt Management Office has said that Nigeria’s debt moved from N46 trillion in December 2022 to N87 trillion as at June 30, 2023. The Director General of the DMO, Patience Oniha, disclosed the debt figures on Friday in Abuja. Oniha spoke during the interactive session held at the instance of the House Committee on…
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New contributions from expatriates to mitigate debt burden, bolster infrastructure development
The increased involvement of expatriates in the drive to grow the nation’s revenue is projected to mitigate the debt crisis that the nation is presently entangled in, according to feelers from reliable sources in the Presidency. Nigeria’s Debt Management Office (DMO) presently puts the nation’s debt burden at N87.38tn ($113.42bn), with the government hoping to…
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Finance Minister says Nigeria’s debt sustainable
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the country’s debt situation is sustainable and does not require restructuring.
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Benue in N359bn debt – Gov. Alia
Gov. Hyacinth Alia of Benue on Sunday disclosed that his administration inherited the sum of N359 billion as debt from the past administration in the state.
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Russia writes off $23bn debt for Africa – Putin
Vladimir Putin, Russian President, says the Russian Government has written off $23 billion debt burden of African countries. Putin spoke at the plenary session of the ongoing second Russia–Africa Summit 2023
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How Gombe State Govt spent N33bn on debt servicing in 4 years
The Gombe State Government has paid about N33 billion from the N100 billion debt inherited from the administration of former governor Ibrahim Dankwambo.
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Gov Mutfwang reveals huge debt burden inherited from Simon Lalong
Gov. Caleb Mutfwang of Plateau says his administration inherited a debt burden of N307 billion from the immediate past administration in the state.
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Benue Gov, Rev Fr Alia weeps over debt Ortom left behind
Benue State Governor, Rev. Father Hyacinth Alia has stated that he inherited an empty treasury and a whooping debt profile of N187.56 billion accompanied by accumulated months of unpaid salaries and entitlements of civil servants and pensioners in the State.
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Budget deficits, low revenue responsible for rising debt – DMO
The Debt Management Office (DMO) says decades of operating budget deficits by successive governments is responsible for Nigeria’s high debt profile. The Director-General of the DMO, Patience Oniha, said this to the News Agency of Nigeria (NAN) on Sunday in Abuja. According to Oniha, a review of Nigeria’s fiscal data shows that not only has…