Tag: Debt servicing
Developing Countries, Including Nigeria, Spend $443bn on Debt Servicing – World Bank Report
Developing countries, including Nigeria, spent a substantial $443.5 billion in 2022 to service external and publicly-guaranteed debts, as per the ...
Tinubu presents N27.5trn budget estimates, N8.25trn debt servicing
Announced his administration’s resolve to adopt the “revised 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP)” as ...
Atiku blames Buhari for ‘significant’ downgrade in Nigeria’s credit rating
Presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar has stated that the President Muhammadu Buhari-led administration 'lacks the ...
Economists blast FG as debt servicing to hit N10.43tn
According to the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper, the Federal Government has projected that debt servicing ...
High debt hurting investment in infrastructure – DMO
Patience Oniha, the Director General of the Debt Management Office has stated that high debt levels lead to high debt ...
Discontinue ‘indiscriminate’ borrowing’, BudgIT tells FG
A civic-tech organisation, BudgIT has disclosed that it is worried over the poor fiscal performance of the federal government's 2022 ...
World Bank: States to lose N19bn in oil, gas revenues in 2022
The World Bank has disclosed that Nigerian states will likely lose N18.8bn in oil and gas revenues in 2022, as worsening ...
IMF: Debt servicing may gulp 100% of FG’s revenue by 2026
The International Monetary Fund has cautioned that debt servicing may gulp 100 percent of the Federal Government's revenue by 2026 ...
World Bank: Nigeria’s debt vulnerable, costly
The World Bank has revealed that Nigeria's debt, which may be considered sustainable for now, is vulnerable and costly. According ...
FG spent $1.3bn on debt servicing in six months
The federal government spent $1.302 billion on debt servicing in the first half of 2021 (January and June 2021). This ...
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