The Senate today revealed that 15.09 trillion naira will be expended to service national debt, with aggregate revenue to fund government’s expenditures projected at 33.19 trillion naira in the 2026 budget. It also disclosed that aggregate expenditure in the budget is estimated at ₦58.47 trillion, amid a 25.27 trillion naira budget deficit as t...
•Tinubu and foreign debts illustration The federal government has spent about $2.93bn (about $3billion) servicing Eurobond debt across eight quarters under President Bola Tinubu, according to an analysis of external debt-service records published by the Debt Management Office. The data, covering Q3 2023 to Q2 2025, show that Eurobond obligatio...
The Conference of United Political Parties (CUPP) has criticised the 2025 budget proposal presented by President Bola Tinubu, describing it as a stark reflection of Nigeria’s persistent fiscal challenges. Chief Peter Ameh, the National Secretary of CUPP, made this known in Abuja today, highlighting the disproportionate allocation to debt servi...
•Tinubu presenting the 2025 budget proposal to members of the National Assembly today, Tuesday, December 18, 2024 President Bola Tinubu has allocated a total sum of N15.81 trillion for debt servicing in his proposed 2025 “restoration budget”. Tinubu disclosed this while presenting the N47.9 trillion budget proposal to a joint session of the Na...
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.
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