Public Debt
World Bank says 5.6 million Nigerians will fall into poverty due to high inflation
The World Bank has said that the drivers of Nigeria’s inflation rate are unique to the nation alone as it...
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DMO cautions FG on funding government with borrowings, urges revenue generation
The Debt Management Office has warned that it is not advisable to fund the government with borrowings, suggesting that borrowing...
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Nigeria’s debt to GDP is not as bad as people think
Nigeria is oil-rich but deeply poor. Since the oil glut of the ’70s, this country by its actions has plied...
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Nigerian states with the highest debt per population
An average individual in Nigeria based on equal allocation owes an aggregate of N162,000 of Nigeria's total debt.
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Nigeria in a limbo: Borrowing to service Debt
Nigerians are hardly feeling the impact of these borrowed funds much less seeing the rationale for acquiring more.
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Lagos to spend 60% of N1.16 trillion budget on capital projects
60% of Lagos State's 2021 budget will go into capital projects, says the state's Commissioner for Budget and Economic Planning.
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Nigeria’s total public debt rises to N32.2 trillion ($84.57 billion) as at September 2020.
Nigeria has a total public debt (External and Domestic) of N32.22 trillion ($84.57 billion) as of September 2020.
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Governor Tambuwal assents Sokoto State 2021 budget worth N176.7 billion
Governor Tambuwal has presented Sokoto State's 2021 "budget of consolidation and socio-economic emancipation".
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IMF: Global economy not performing badly as anticipated
The world economy has ended up performing better than the International Monetary Fund had envisaged in Q2 and Q3.
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FAAC disburses N696.2 billion in July 2020, as Lagos State parts with N1.46 billion
The sum of N696.18 billion to the Federal, State, and Local governments in July 2020 from the FAAC account.
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