debt crisis

Chicken Seller Attempts Suicide Over ₦1.2 Million Debt

Aug 26, 2024. by Praise Ben

A 27-year-old chicken seller, identified as Alozie John, has allegedly attempted to take his own life due to a debt of ₦1.2 million owed to his livestock supplier. The incident occurred in Umunnachi, Dunukofia Local Government Area, Anambra State. Tochukwu Ikenga, the police spokesperson, reported that Alozie, originally from Isielu Local Government Area in Ebonyi … Read more

Fiscal Prudence Demanded: FG Urged To Return $800 Million World Bank Loan Amid Fuel Subsidy Postponement

May 8, 2023.May 7, 2023. by Praise Ben

The Nigerian Government borrowed $800 million from the World Bank to cushion the effect of fuel subsidy removal but postponed the removal and still has the loan. CISLAC, an advocacy group, urges the government to return the loan due to the worsening debt crisis and reckless spending. The group calls for financial watchdogs to monitor … Read more