•Buhari Senators yesterday bemoaned that the borrowing culture of President Muhammadu BuÂhari’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 […]
•Tinubu A former Lawmaker who represented Oron Federal constituency, Akwa Ibom State, in the House of Representatives, Hon. Peter Umoh has expressed the optimism that the federal government could run the affairs of the country without borrowing. Umoh who made the assertion during an interview last week in Uyo, stressed that it was a matter [&h...
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