Tag: national debt

Popular television host Rufai Oseni became emotional on Friday as he spoke about the condition of Nigeria’s economy, expressing deep concern over the country’s growing dependence on borrowing. During the…

By Babatunji Wusu Nigeria’s total public debt is on track to hit an estimated ₦155.1 trillion following the swift legislative approval of President Bola Tinubu’s request for a fresh $6…

The Office of the Head of Civil Service of the Federation, OHCSF, has received N394.699 million from the Federal Government (FG) for the purchase of official and monitoring vehicles, the…

The Nigerian Debt Management Office (DMO) said on Thursday that if the Central Bank of Nigeria (CBN) loans are securitized, the next administration will inherit a public debt of N77…

If the National Assembly adopts the President’s request to restructure the Ways and Means Advances, Nigeria’s public debt load might reach N77 trillion. The Central Bank of Nigeria uses the…

Ahmed Lawan, President of the Senate, stated on Tuesday that the National Assembly is currently reviewing the President’s request to securitize the Federal Government’s outstanding Ways and Means balance at…

According to the Appropriation Bill passed by the National Assembly on Wednesday, the Federal Government has set aside N6.55 trillion for debt servicing in 2023. The Senate and House of…

The House of Representatives has approved President Muhammadu Buhari’s request for a N819.54 billion domestic loan to repair flood-damaged infrastructure across the country. The vote followed the adoption of a…

President Buhari has urged the House of Representatives to approve a N819.5 billion extra budget for 2022, as Nigeria’s debt has risen to N22.57 trillion. President Buhari stated in a…