Tag: Nigeria’s debt
-
“National debt hits N46tn in fourth quarter of 2022” -DMO reveals
The Debt Management Office, DMO, on Thursday, revealed that Nigeria’s total public debt stock increased to N46.25tn or $103.11bn in the fourth quarter of 2022. The latest figure has made members of the organised private sector and economists to predict that tougher days are ahead for Nigerians and firms. The national debt as of September,…
-
DEBT: Nigerian govt in talks with IMF, World Bank
In a bid to restructure the country’s debts, the Nigerian government has been in talks with the International Monetary Fund (IMF) and the World Bank. This was reveales by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who noted that the country was considering tapping from the IMF’s newly created Food Shock…
-
UNGA77: Buhari appeals for debt cancellation for Nigeria, other poor debtor nations
Nigeria’s President, Muhammadu Buhari, has appeled to the global community to consider “outright debt cancellation” for countries facing severe fiscal challenges. The Nigerian leader made this appeal while speaking at the ongoing 77th United Nations General Assembly in New York. In his words: “Nigeria, therefore, implores our global partners to do more to complement our…
-
Ozekhome lampoons FG over borrowing money to service debts
Constitutional lawyer and human rights activist, Chief Mike Ozekhome SAN, has decried the Federal Government’s borrowing money to service debts, saying “the present government has mortgaged our individual and collective future with reckless abandon”. Ozekhome pointed out that the present Nigerian government now borrows money to service debts, “not payment of the real debt”, he…