The new borrowings by the Federal Government of Nigeria have deepened as allocations rose by 278.03 percent between 2015 and 2021. This is N4.03trillion within the six years This was disclosed in the presentation of the Read More
Tags :Debt Crisis
Nigeria’s debt to China, France, Japan, India and Germany has risen to $4.26bn as of June 30, 2021 from $3.85bn at the end of 2019. Data obtained from the Debt Management Office showed that the country spent $402.74Read More
The total public debt stock of Nigeria has risen from N33.11 trillion as of March 31, 2021 to N35.47.trillion as of June 30, 2021. This shows an increase of N2.36 trillion or 7.13 percent within three months This Read More
The federal government has spent N1.8 trillion on debt servicing between January and May 2021. This is out of the N1.84 trillion revenue generated within the same five months. This puts the nation’s debt-to-revenue ratio, Read More
Prime Minister Abdalla Hamdok has mapped out a plan that he hopes would help the country settle its staggering $60 billion foreign debt bill this year. The seasoned UN economist-turned-premier revealed plans to secure relief and Read More
