Tag: Debt
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Abia state gets $240 million foreign loan for road, erosion projects
Abia state government will receive $240 million ($185 billion) in foreign loan to finance road, erosion and waste management projects, one of the funders...
Nigeria projected to spend entire revenue on debt in two years
Nigeria could spend more than its entire revenue on debt payment by 2025 if its current revenue levels do not improve, the Debt Management...
Buhari gets Senate help on illegal N23.7 trillion CBN loan
The Senate has approved President Muhammadu Buhari’s request to restructure a N23.7 trillion ($49 billion) loan the central bank gave his government in violation...
Nigeria’s new debt figure suggests how much each citizen owes
Nigeria’s total debt rose to N46.3 trillion or $103.11 billion at the end of December 2022, a 14.5% rise over the tally for the...