Debt

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…

CLAIM: Oyo State Governor Seyi Makinde claimed that the outgoing governor, Senator Abiola Ajimobi, left N150 billion debt  CONCLUSION: Based on figures from both DMO and NBS, as of March 31, 2019, Oyo State’s total debt stood at N126…

The immediate past administration in Zamfara State led by the ex-governor, Abdulaziz Yari, is said to have left over N2.8 billion liabilities involving external examinations, the state transition committee has disclosed.The Chairman of…

Nigeria’s rising debt profile became a source of worry for Senators on Wednesday as the lawmakers started the debate on general principles of the N8. 83 trillion 2019 budget.The lawmakers had to caution the executive so as not to return…