The Emir of Kano, Muhammadu Sanusi II, has raised concerns over the Tinubu-led federal government’s continued reliance on borrowing despite the removal of petrol subsidy. Speaking during an interview on News Central TV today, the former governor of the Central Bank of Nigeria (CBN) warned that weak fiscal discipline could undermine the gains e...
•Finance Minister Wale Edun Nigeria’s fiscal landscape between 2020 and 2025 presents a stark and sobering paradox. Public borrowing surged at both federal and subnational levels, yet the corresponding productivity and developmental outcomes remain uneven, inconsistent, and in many cases deeply disappointing. Across the 36 states, the Federal ...
•Bismarck Rewane and food stuffs The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, says the President Bola Tinubu administration must be strategic with its borrowings in a way that benefits Nigerians. “We need to be very intentional, very strategic and focus on what we are borrowing for to generate revenue and to...
Nigeria’s total public debt rose to N142.3 trillion as of September 30, 2024, representing an increase of 5.97 per cent (N8.02tn) compared to N134.3tn in June 2024. The debt, comprising external and domestic obligations, reflects the significant impact of exchange rate depreciation on external borrowings when converted to naira terms, reports ...
•Ahmad Lawan Former Senate President Ahmad Lawan has expressed concerns over Nigeria’s high borrowing interest rate of 34 percent, stating that it poses significant challenges to business investments and food production across the country. Speaking on Saturday after launching the distribution of grains and food materials to vulnerable individu...
•House of Representatives It was a rowdy scene at the emergency plenary session called by the Speaker of the House of Representatives, Tajudeen Abbas, today. The debate centred on a bill seeking to raise the Ways and Means cash advances from the Central Bank of Nigeria from five per cent to 10 per cent. This […]
•Buhari Senators yesterday bemoaned that the borrowing culture of President Muhammadu Buhari’s administration is behind the current economic hardship faced by Nigerians. They have also moved to probe the N22.8 trillion ways and means advances extended by the Central Bank of Nigeria (CBN) to the federal government under former President Buhari...
•Peter Obi and Tinubu Labour Party, LP, presidential candidate during the February 25, 2023 General Elections, Peter Obi, has kicked against what he described as federal government’s disturbing pattern of huge borrowing and profligate spending on non-essential procurements, warning that such pattern would soon wreck the economy. The former Ana...
Thirteen states plan to borrow or get aid assistance of N2.31tn in 2024 to fund their budget deficits, a breakdown of their 2024 proposed budget has shown. This will increase the states’ debt profile to at least N4.73tn. As of the end of September of 2023, the domestic debts of the states amounted to N2.61tn, […]
The total domestic debt stock may have risen by 133.95 per cent to N51.96tn as of the end of 2023. This is based on new revelations by the Director-General of the Debt Management Office, Patience Oniha. While speaking to CNBC Africa on the sidelines of the discussions for the establishment of the African Debt Managers […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
© 2026 The Frontier, Published by Okims Media Links Limited.
designed by winnet services
