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GOV. UZODIMMA OF IMO STATE BORROWED OVER 53 BILLION NAIRA IN LESS THAN A YEAR ?

Imo State debt profile rose from 151.31 Billion Naira to 205.18 Billion Naira being an increase of N53.87 Billion just between October to December 2021. Can anyone see where 53 Billion Naira (which amounts to 10 months allocation from the Federation account to Imo) in the State ? NB This does not include over 30… Continue reading GOV. UZODIMMA OF IMO STATE BORROWED OVER 53 BILLION NAIRA IN LESS THAN A YEAR ?

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FG PLANS N12TN FRESH BORROWING, PUBLIC DEBT COULD HIT N50TN BY 2023

The Federal Government of Nigeria hopes to push its public debt stock to N50.22tn by 2023, with domestic debt at N28.75tn and external debt at N21.47tn.Govt borrowing plan focuses on domestic bonds, concessional external loansThis is according to the projections in the National Development Plan 2021-2025.DCO Global News Published on December 29, 2021 By Odoh… Continue reading FG PLANS N12TN FRESH BORROWING, PUBLIC DEBT COULD HIT N50TN BY 2023

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DMR TIES NIGERIA’S RISING DEBT PROFILE TO WEAK REVENUE GENERATION – TAIWO

Chairman of the Debt Management Roundtable (DMR), Taiwo Oyedele, has hinted that Nigeria’s unsustainable debt burden is fuelled by weak revenue generation.Oyedele, who was a panellist during a session on ‘Sustainable Approaches to Public Debt Financing’ at the just-concluded Nigerian Economic Summit (NES 27), observed that Nigeria’s debt profile had reached unsustainable levels, and is… Continue reading DMR TIES NIGERIA’S RISING DEBT PROFILE TO WEAK REVENUE GENERATION – TAIWO