Debt

The Ondo state government on Monday said it has reduced the debt inherited from the immediate past administration of the Peoples Democratic Party (PDP) by over 50 Percent. The state Commissioner of Information and Orientation, Mr Donald…

The World Bank has warned against a fast-rising wave of debts in emerging and developing countries now standing at $55 trillion. In a new analysis titled Global Waves of Debt, the Bank concluded that private and public debts in emerging…

With concerns on the growing debt profile of Nigerian government and the new $30 billion loan request sitting before the senate, the presidency has revealed that recent loans the country had taken are more of low-interest loans. It was…

NIGERIA’S total public debt rose to N25.7trillion ($83.882billion) by the end of June 2019, according to the Debt Management Office (DMO). This is an increase of about N753billion over the N24.947trillion reported by the government…

Total external debt of low- and middle-income countries climbed 5.3 per cent to $7.8 trillion in 2018, according to the World Bank. As of December 31, 2018, the Debt Management Office put the total external public debt of Nigerian…

Vice Presidential Candidate of the Peoples Democratic Party (PDP) in the last general election, Mr Peter Obi, on Tuesday lamented that Nigeria has a $90bn (N28tr.) debt portfolio with nothing to show for it. Obi made the disclosure while…

  Minister of Works and Housing, Mr. Babatunde Fashola on Tuesday disclosed that President Muhammadu Buhari inherited debts worth about N1 trillion from the federal roads constructed by various State Governments under the past…

The Senate has summoned the Minister of Justice and Attorney General of the Federation (AGF), Abubakar Malami and the Ministry of Petroleum Resources to explain its role in the scandalous contract that incurred the nation  $9.6bn judgement…

Between 2010 and 2019, a period of 10 years, Nigeria spent a total of N11.274 trillion on debt financing, Nigerian Tribune investigation has revealed. This is 18.5 per cent of the N61.063 trillion budgetted over the period. In the…

Gombe State government has described as false, malicious and misleading allegations that his administration has within its 70 days of existence accessed a loan of 6 billion Naira. The government while reacting to the allegation through…